/ GIC Housing Finance Rides Over Q4 Results ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 27 April 2017

GIC Housing Finance has registered a net profit of Rs 46.61 crore and a total income to Rs 266.63 crore for the year ended on 31st March 2017. The small-cap company has an equity capital of Rs 53.85 crore. Face value per share is Rs 10.

GIC Housing Finance's board recommended a dividend for F.Y. 2016-17 @ 50% i.e. Rs.5/- per equity share of Rs.10/- each. The approval for increasing the borrowing powers of the company from Rs 10000 Crore to 12500 Crore has also been given by the board of the company.

The board revised the limit of raising funds by issue of redeemable non-convertible debentures (NCDs)/bonds through private placement basis up to Rs 800 crore. The board also approved for related party transactions of up to Rs 1000 crore, said GIC Housing Finance in a BSE filing on Wednesday.

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