GIC Housing Finance planning to raise funds worth Rs 2,500 crore
19th Aug 2021

GIC Housing Finance is planning to raise funds by way of issue of redeemable non-convertible debentures/bonds on a private placement basis up to aggregate the limit of Rs 2,500 crore. The proposed funds are to be raised in one or more tranches. Shareholders' approval is being sought in the company's next annual general meeting (AGM) on September 27, 2021.

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.