LIC arm to come out with NCD issue next month

LIC Housing Finance Ltd. (LICHFL) will be coming out with a non-convertible debenture (NCD) issue some time next month, said Vinay Sah, MD and CEO. According to him, LICHFL had already raised about ₹50,000 crore of the budgeted target this fiscal (₹75,000 crore – ₹80,000 crore) and the balance would be raised before the fiscal closed. It is also targeting a business growth of 15% over last year. Mr. Sah was here to inaugurate the 21 edition of Ungal Illam (Your Home) a property fair.

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