GIC Housing Finance to raise up to Rs 2,500 crore via bonds
The housing financier will seek approval from its shareholders on the capital raise plan in the upcoming annual general meeting on September 23, 2022.
The company said whether the funds will be moped-up in one or more tranches will depend upon the requirement, time of issue as well as market conditions, in accordance with the decision of the committee of the board members.
GIC Housing Finance stock closed at Rs 144.95 apiece on BSE on Thursday, up by 3.83 per cent from previous close.
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