GIC Housing Finance shines on inking pact with IMGC
GIC Housing Finance is currently trading at Rs. 185.45, up by 3.55 points or 1.95% from its previous closing of Rs. 181.90 on the BSE.
The scrip opened at Rs. 184.25 and has touched a high and low of Rs. 185.45 and Rs. 186.00 respectively. So far 121 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 292.45 on 02-Feb-2024 and a 52 week low of Rs. 180.00 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 206.00 and Rs. 180.00 respectively. The current market cap of the company is Rs. 979.55 crore.
The promoters holding in the company stood at 42.41%, while Institutions and Non-Institutions held 8.80% and 48.79% respectively.
GIC Housing Finance (GICHFL) has entered into partnership with India Mortgage Guarantee Corporation (IMGC) to offer innovative mortgage guarantee-backed home loan products. This strategic collaboration aims to introduce innovative mortgage guarantee-backed home loan products to prospective salaried and self-employed home loan customers, specifically designed to enhance accessibility and affordability in the growing housing finance sector. By combining IMGC's expertise in mortgage guarantees with GICHFL's extensive network, the partnership will enable it to offer more flexible and secure home loan products to a wider range of borrowers.
GIC Housing Finance was formed with the objective of entering in the field of direct lending to individuals and other corporates to accelerate the housing activities in India. The primary business of the company is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.
