GIC Housing Finance Limited has successfully completed the allotment of Non-Convertible Debentures (NCDs) aggregating Rs 150 crores on a private placement basis. The allotment was completed on February 25, 2026, at 11:00 A.M., marking a significant fundraising milestone for the housing finance company.

Debenture Allotment Details

The company issued 15,000 NCDs with a face value of Rs 1,00,000 each at par, totaling Rs 150 crores. The debentures were issued under Series 11 and carry an attractive fixed interest rate of 7.59% per annum. The allotment was made to two prominent institutional investors on a private placement basis.

Investor Profile

The NCDs were allotted to two institutional investors, demonstrating strong confidence from the financial services sector:

• ICICI Bank: One of India's leading private sector banks
• Reliance General Insurance Company Ltd.: Prominent general insurance provider

The participation of these established financial institutions underscores the credibility and attractiveness of GIC Housing Finance's debt instruments in the market.

Regulatory Compliance and Listing

The allotment was conducted in compliance with Regulation 30 & 51 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company obtained the necessary authority from its Board of Directors through a resolution dated May 16, 2025, providing the framework for this fundraising initiative.

The NCDs are proposed to be listed on BSE Limited, which will provide liquidity options for the investors and enhance the transparency of the instruments in the secondary market.

Strategic Significance

This successful fundraising exercise strengthens GIC Housing Finance's capital base and provides the company with additional resources to expand its lending operations. The fixed interest rate of 7.59% per annum reflects competitive pricing in the current market environment, while the private placement route ensures efficient capital raising from targeted institutional investors.

GIC Housing Finance Limited has successfully completed its scheduled interest payment on Non-Convertible Debentures (NCDs), demonstrating adherence to its debt servicing obligations and regulatory compliance requirements.

Interest Payment Details

The housing finance company paid ₹8.82 crore as interest on its NCDs with scrip code 976945 on February 24, 2026, meeting the scheduled due date. The payment covers the first coupon payment for these debentures, with the final coupon payment scheduled for February 24, 2027.

Regulatory Compliance

The company submitted the required intimation to BSE Limited under Regulations 30 and 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As per regulatory requirements, listed entities must submit a certificate to the stock exchange within one working day of interest or principal becoming due, confirming the payment status of NCDs.

Debenture Structure

The NCDs represent part of GIC Housing Finance's debt capital structure, with the current payment marking the first coupon payment since issuance. The debentures carry a structured payment schedule with specific coupon dates, ensuring predictable cash flows for investors.

Corporate Governance

The payment confirmation was signed by Nutan Singh, Group Head and Company Secretary, on February 24, 2026, reflecting the company's commitment to transparent reporting and timely disclosure of material information to stakeholders and regulatory authorities.