GIC Housing Finance Raises Rs 175 Crore Through Non-Convertible Debentures

GIC Housing Finance Limited (GICHFL) has successfully raised Rs 175 crore through the allotment of Non-Convertible Debentures (NCDs) on a private placement basis. The company issued 17,500 NCDs, each with a face value of Rs 1 lakh, to four institutional investors.

Key Details of the NCD Allotment

Particulars	Details
Total Amount Raised	Rs 175.00 crore
Number of NCDs	17,500
Face Value per NCD	Rs 1,00,000
Interest Rate	7.65% per annum
Debenture Series	Series 10
Allotment Date	November 06, 2025
Listing Venue	Proposed to be listed on BSE Limited

Institutional Investors

The NCDs were allotted to four institutional investors:

Royal Sundaram General Insurance Co Ltd.
UTI Asset Management Company Ltd.
Darashaw & Co Pvt. Ltd.
Reliance General Insurance Company Ltd.

Additional Information

The allotment was made based on the authority granted by the company's Board of Directors through a resolution dated May 16, 2025. The NCDs have been assigned the ISIN INE289B07123.

This move by GIC Housing Finance Limited demonstrates the company's ability to raise funds through debt instruments. The successful placement of these NCDs with reputable institutional investors may indicate confidence in the company's financial stability.

Investors and market participants should note that these NCDs are expected to be listed on the BSE Limited, which could provide liquidity to the debenture holders in the secondary market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.24%	+1.36%	-2.74%	-10.68%	-21.81%	+50.17%

GIC Housing Finance Limited , a prominent player in India's housing finance sector, has announced a change to its board composition. The company's shareholders have approved the appointment of Shri Dinesh Waghela (DIN 08072065) as an Independent Director through a postal ballot process.

Shareholder Approval and Appointment Process

The e-voting process for this appointment concluded on October 30. Following the completion of the voting, GIC Housing Finance informed the BSE Limited about the board appointment on October 31, in compliance with regulatory disclosure requirements.

Implications for Corporate Governance

The addition of Shri Dinesh Waghela to the board as an Independent Director is a move that could enhance the company's corporate governance structure. Independent directors play a crucial role in providing unbiased perspectives and ensuring that the interests of all stakeholders are considered in board decisions.

Company Background

GIC Housing Finance Limited, promoted by General Insurance Corporation of India (GIC-Re) and its erstwhile subsidiaries, has been operating in the housing finance sector for over three decades. As of June 30, the company reported:

Metric	Value
Assets Under Management (AUM)	Rs. 10,692.00 crore
Gross stage 3 assets ratio	4.70%
Capital adequacy ratio (CAR) as of March 31	34.90%

The company's focus remains on providing housing loans, particularly to salaried customers, with individual home loans accounting for 91% of its portfolio as of June 30.

This appointment comes at a time when the company is working on improving its asset quality and expanding its operations beyond its traditional stronghold in Maharashtra.