LIC Housing Finance is planning to raise up to Rs 57,000 crore by issuing debt securities in one or more tranches in the next one year. The proposal was approved at the company’s Annual General Meeting (AGM). The company will raise funds through issue of redeemable non- convertible debentures and/or other hybrid instruments on a private placement basis up to an amount not exceeding Rs 57,000 crore.
LIC Housing Finance is one of the largest Housing Finance Company in India. The main objective of the company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.
