GIC Housing Finance To Consider Raising Rs 25 Billion Via NCDs

GIC Housing Finance Ltd has disclosed plans to explore fundraising through NCDs, a preferred instrument for long-term financing. The proposal highlights the company’s focus on expanding its capital resources to meet growing demand in the housing finance market.

Fundraising Proposal

The board of directors will evaluate the issuance of non-convertible debentures worth up to Rs 25 billion. NCDs, being fixed-income instruments, provide stable funding while offering investors predictable returns. This step is expected to enhance liquidity and support the company’s lending portfolio.

Strategic Outlook

With housing finance demand rising across India, GIC Housing Finance aims to leverage this fundraising to strengthen its market position. The proposed NCD issue reflects the company’s proactive approach to capital management and growth in the competitive financial services sector.

Key Highlights

• Board to consider raising Rs 25 billion via NCDs
• NCDs to provide stable long-term funding
• Supports expansion of housing finance operations
• Focus on strengthening liquidity and capital base

Sources: Company announcement, financial media reports on GIC Housing Finance Ltd