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.
