StockWatch
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Housing Finance Company
Loan & Debt29 Jul 2026, 06:11 pm

GIC Housing Finance Allots ₹200.07 Cr NCDs on Private Placement

AI Summary

GIC Housing Finance Ltd has announced the allotment of 20,000 Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, at a premium of ₹35 per debenture. The total issue size aggregates to ₹200.07 crores, including a premium of ₹7,00,000. This allotment was made on a private placement basis on July 29, 2026, pursuant to a Board of Directors' resolution dated May 15, 2026. The NCDs are proposed to be listed on BSE Limited. Key allottees include ICICI Bank, Tata Corporate Bond Fund, Tata Mutual Fund, and LIC MF Short Duration Fund.

Key Highlights

  • GIC Housing Finance allotted ₹200.07 crore in NCDs.
  • Allotment was on a private placement basis.
  • NCDs have a face value of ₹1,00,000 each.
  • The debentures are proposed for listing on BSE.
  • Key subscribers include ICICI Bank and Tata entities.