Comments
ICICI Home Finance Company Ltd (IHFCL) is planning to raise ₹685 crore via non-convertible debentures (NCDs) on private placement basis.
The housing finance company’s committee of executives on Thursday approved the fourth tranche of allotment of 6,850 NCDs (secured, rated, redeemable senior bonds) of face value of ₹10 lakh each. The company, in a regulatory filing, said it will be raising the resources under options.
Also read: Banks, HFCs on hiring spree amid rising home loan demand
IHFCL’s net profit had jumped to ₹46 crore in the second quarter ended September 30, 2021, against ₹2 crore in the year ago period. As at September-end 2021, the company’s loan portfolio stood at ₹13,706 crore against ₹13,758 crore as at March-end 2021.12.23
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.