Allotment of 10,000 NCDs Worth Rs.100 Crores at 8.15% on Private Placement
The company allotted 10,000 NCDs of Rs. 1,00,000/- face value each, aggregating Rs.100 crores, on a private placement basis on September 28, 2026.
By ScoutQuest · · 1 min read
- NCD Face Value
- Rs. 1,00,000/- per debenture
- Number of NCDs Allotted
- 10,000
- Total Issuance Amount
- Rs. 100 crores
- Interest Rate
- 8.15% p.a. fixed
- Allottee
- KIRI Industries Limited
What happened
GIC Housing Finance has approved the allotment of 10,000 Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000/- each, aggregating Rs.100 crores, on a private placement basis on September 28, 2026.
Key terms
- Debenture series: Series 12 Tranche 2
- Offer size: 100 Crores
- Interest payable: 8.15% p.a. fixed
- Allottee: KIRI Industries Limited
- Route: private placement via the Electronic Book Provider (EBP) platform of BSE
- The NCDs are proposed to be listed on BSE Limited
What it means
NCDs are debt instruments: the company borrows money and pays a fixed rate of interest, and they cannot be converted into shares. So there is no dilution for existing equity shareholders.
For a housing finance company, such borrowings are a routine source of funds used to on-lend to borrowers. The cost of this tranche is fixed at 8.15% per annum.
The allotment was made under authority granted by the Board of Directors through its resolution dated May 15, 2026.
More numbers
- Number of NCDs allotted10,000
- Face value per NCDRs. 1,00,000/-
- Aggregate issue sizeRs.100 crores
- Interest rate8.15% p.a. fixed
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