LIC Housing Finance to borrow Rs 25,000 crore in FY13

14 Apr 2012 Evaluate

In a bid to support its business, LIC Housing Finance, a subsidiary of state-run insurance giant LIC, is planning to borrow around Rs 25,000 crore in the current financial year, which is about 13.5 percent higher than FY12. The company will raise most of these funds through bonds.

The housing finance firm raises money from banks and also from markets by issuing bonds. The ratio of money raised through bonds is around 65% of the total fund raised by the company.

About the private equity arm of the company, LIC Housing had received Rs 250 crore of commitment from investors for the private equity fund named as urban development fund.

LIC Housing Finance had reported a 43% growth in net profit at Rs 305.69 crore in the December quarter on an income of Rs 1,593 crore.

LIC Housing Finance Share Price

585.30 2.85 (0.49%)
23-Dec-2024 12:27 View Price Chart
Peers
Company Name CMP
LIC Housing Finance 585.30
Housing & Urban Dev. 239.00
Bajaj Housing Financ 126.15
Sammaan Capital 150.70
PNB Housing Finance 853.65
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