Housing Development Finance Corporation (HDFC), India's biggest mortgage company, is planning to raise Rs 145 crore through three-year bonds at 9.80 percent. First Rand Bank is the sole arranger to the deal.
HDFC was incorporated as the first specialized mortgage finance company in India. With over three decades of successful operations, HDFC offers a whole gamut of products like home loans, home improvement loans, home extension loans, home equity loans etc. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services etc.
The Company‘s profit after tax for the quarter ended September 30, 2011 soared by 20.20% at Rs 970.70 crore as compared to Rs 807.54 crore for the quarter ended September 30, 2010. Its total income has increased by 40.36% from Rs 2970.22 crore for the September quarter of the previous fiscal to Rs 4169.14 crore for the quarter under review.
As on September 30, 2011, the loan book of the company stood at Rs 126992 crore as against Rs 106287 crore in the previous year. This is after considering the loans sold during the preceding 12 months amounting to Rs 4898 crore.
Company Name | CMP |
---|---|
LIC Housing Finance | 651.50 |
Indiabulls Housing | 156.25 |
Housing & Urban Dev. | 248.85 |
PNB Housing Finance | 741.00 |
Can Fin Homes | 761.15 |
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