LIC Housing Finance, one of the largest housing finance companies in India is planning to raise at least Rs 200 crore through 5-year bonds at 9.90 percent. Axis Bank is an arranger to the deal.
Recently, LIC Housing Finance unveiled a new home loan product ‘Freedom’ on a floating rate basis. As per the scheme, loans up to Rs 30 lakh would be offered at 9.9%, loans between Rs 30-75 lakh at 10.35% and loans of Rs 75 lakh-Rs 1.5 crore can be availed at 10.75%.
The Company’s net profit after tax for the quarter ended March 31, 2011 has surged by 47.42% at Rs 314.77 crore as compared to Rs 213.51 crore for the quarter ended March 31, 2010. Total income has increased by 43.83% from Rs 967.74 crore for the quarter ended March 31, 2010 to Rs 1391.92 crore for the quarter under review.
For the year ended March 31, 2011, the company has posted growth of 47.16% in its net profit after tax at Rs 974.49 crore as compared to Rs 662.18 crore for the year ended March 31, 2010. Total income rose by 40.34% at Rs 4868.72 crore for the year as compared to Rs 3469.16 crore a period ago.
Company Name | CMP |
---|---|
LIC Housing Finance | 582.45 |
Housing & Urban Dev. | 242.15 |
Bajaj Housing Financ | 126.30 |
Sammaan Capital | 152.45 |
PNB Housing Finance | 867.90 |
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