GIC Housing Finance moves up on planning to raise funds through NCDs
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GIC Housing Finance is currently trading at Rs. 178.55, up by 0.85 points or 0.48% from its previous closing of Rs. 177.70 on the BSE.
The scrip opened at Rs. 178.50 and has touched a high and low of Rs. 182.90 and Rs. 177.70 respectively. So far 19355 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 247.70 on 02-Jan-2023 and a 52 week low of Rs. 118.70 on 15-Jul-2022.
Last one week high and low of the scrip stood at Rs. 183.50 and Rs. 177.15 respectively. The current market cap of the company is Rs. 961.51 crore.
The promoters holding in the company stood at 42.41%, while Institutions and Non-Institutions held 8.38% and 49.22% respectively.
GIC Housing Finance is planning to raise funds by way of issue of Non-Convertible Debentures (NCDs) on private placement basis upto an aggregate amount of Rs 2500 crore (in one or multiple tranches) in terms of Section 42 of the Companies Act, 2013 read with relevant rules, the Listing Regulations, as amended and RBI Master Directions, 2021 as applicable. The meeting of the Board of Directors of Company is scheduled to be held on August 07, 2023 to consider and approve the same.
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.
