GIC Housing Finance gains on raising Rs 195 crore via issuance of NCDs
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
GIC Housing Finance is currently trading at Rs. 116.10, up by 0.65 points or 0.56% from its previous closing of Rs. 115.45 on the BSE.
The scrip opened at Rs. 115.25 and has touched a high and low of Rs. 117.00 and Rs. 115.05 respectively. So far 3271 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.80 on 18-Feb-2021 and a 52 week low of Rs. 57.30 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 118.15 and Rs. 113.80 respectively. The current market cap of the company is Rs. 623.86 crore.
The promoters holding in the company stood at 42.41%, while Institutions and Non-Institutions held 6.94% and 50.65% respectively.
GIC Housing Finance has raised Rs 195 crore through issuance of non-convertible debentures (NCDs) to Aditya Birla Sun Life Mutual Fund on private placement basis. The NCDs have been allotted to Aditya Birla Sun Life Mutual Fund and carry an interest rate of 6.94 per cent per annum.
GIC Housing Finance’s primary business is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.
