Home First Finance to Raise ₹7 Billion via NCDs, Announces ₹3.7 Dividend per Share

Home First Finance Company India Limited has announced its plan to issue Non-Convertible Debentures (NCDs) worth up to ₹7 billion through a private placement. The company’s board approved the fundraising initiative during its meeting held on May 1, 2025, aiming to strengthen its capital base and support future growth. The NCDs will be issued in one or more tranches, depending on business requirements and prevailing market conditions. This move is in line with Home First Finance’s strategy to diversify its funding sources and optimize its cost of capital.

 

In addition to the fundraising, the board also declared a dividend of ₹3.7 per share for its shareholders. This dividend reflects the company’s robust financial performance and commitment to delivering value to its investors. The record date and payment schedule for the dividend will be communicated in due course.

 

These developments underscore Home First Finance’s proactive approach in managing its financial resources and rewarding its stakeholders. The twin announcements are expected to bolster investor confidence and further solidify the company’s position in the competitive housing finance sector.

 

Source: Business Standard