LIC Housing Finance
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** Shares of India's IDBI Bank IDBI.NS up 3.4% to 86.9 rupees
** India received revised bids for sale of majority stake in IDBI Bank from Canada's Fairfax Financial FFH.TO and Dubai's Emirates NBD ENBD.DU and the process is likely to be completed within a month, government source tells Reuters
** Indian government owns 45.48% of IDBI Bank, while LIC LIFI.NS holds 49.24%
** IDBI, LIC, Indian government, Fairfax Financial, and Emirates NBD did not immediately respond to Reuters' request for comment
** YTD, stock down 15.6%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
** Shares of India's IDBI Bank IDBI.NS up 3.4% to 86.9 rupees
** India received revised bids for sale of majority stake in IDBI Bank from Canada's Fairfax Financial FFH.TO and Dubai's Emirates NBD ENBD.DU and the process is likely to be completed within a month, government source tells Reuters
** Indian government owns 45.48% of IDBI Bank, while LIC LIFI.NS holds 49.24%
** IDBI, LIC, Indian government, Fairfax Financial, and Emirates NBD did not immediately respond to Reuters' request for comment
** YTD, stock down 15.6%
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
MUMBAI, June 25 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise up to 30 billion rupees ($317.81 million), including a greenshoe option of 25 billion rupees, through reissue of 7.59% June 2031 bonds, three bankers said on Thursday.
The housing financier has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 5 years | To be decided | 5+25 | June 29 | AAA (Care, Crisil) |
REC 7.46% June 2028 reissue | 2 years | 7.10 (yield) | 26.50 | June 25 | AAA (Care, Crisil) |
REC | 5 years | 7.17 | 28.45 | June 25 | AAA (Care, Crisil) |
Cube Highways Trust | 11 years and 9 months | 7.3925 | 6.37 | June 25 | AAA (Crisil) |
Cholamandalam Investment | 7 years | 8.88 | 20 | June 24 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.3950 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, June 25 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise up to 30 billion rupees ($317.81 million), including a greenshoe option of 25 billion rupees, through reissue of 7.59% June 2031 bonds, three bankers said on Thursday.
The housing financier has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 5 years | To be decided | 5+25 | June 29 | AAA (Care, Crisil) |
REC 7.46% June 2028 reissue | 2 years | 7.10 (yield) | 26.50 | June 25 | AAA (Care, Crisil) |
REC | 5 years | 7.17 | 28.45 | June 25 | AAA (Care, Crisil) |
Cube Highways Trust | 11 years and 9 months | 7.3925 | 6.37 | June 25 | AAA (Crisil) |
Cholamandalam Investment | 7 years | 8.88 | 20 | June 24 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.3950 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, June 22 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise up to 35 billion rupees ($369.7 million), including a greenshoe option of 25 billion rupees, by selling bonds maturing in three years and five months, three bankers said on Monday.
The financier has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 3 years and 5 months | To be decided | 10+25 | June 23 | AAA (Crisil, Care) |
India Infradebt | 5 years and 6 months | 7.92 | 11.15 | June 22 | AAA (Icra, Crisil) |
Godrej Industries | 5 years and 3 months | 8.23 | 5 | June 22 | AA+ (Crisil, Icra) |
Godrej Industries | 5 years and 6 months | 8.23 | 5 | June 22 | AA+ (Crisil, Icra) |
Embassy Office Parks REIT | 3 years | 7.49 (payable quarterly) | 7 | June 22 | AAA (Crisil, Care) |
IREDA | 3 years and six days | 7.34 | 15 | June 22 | AAA (Icra, India ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.6800 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, June 22 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise up to 35 billion rupees ($369.7 million), including a greenshoe option of 25 billion rupees, by selling bonds maturing in three years and five months, three bankers said on Monday.
The financier has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 3 years and 5 months | To be decided | 10+25 | June 23 | AAA (Crisil, Care) |
India Infradebt | 5 years and 6 months | 7.92 | 11.15 | June 22 | AAA (Icra, Crisil) |
Godrej Industries | 5 years and 3 months | 8.23 | 5 | June 22 | AA+ (Crisil, Icra) |
Godrej Industries | 5 years and 6 months | 8.23 | 5 | June 22 | AA+ (Crisil, Icra) |
Embassy Office Parks REIT | 3 years | 7.49 (payable quarterly) | 7 | June 22 | AAA (Crisil, Care) |
IREDA | 3 years and six days | 7.34 | 15 | June 22 | AAA (Icra, India ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.6800 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, June 15 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 11.50 billion rupees ($121.54 million) for sale of bonds maturing in five years, three bankers said on Monday.
It will pay an annual coupon of 7.59% on this issue and had invited coupon and commitment bids on Friday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 5 years | 7.59 | 11.50 | June 12 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 94.6200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
MUMBAI, June 15 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 11.50 billion rupees ($121.54 million) for sale of bonds maturing in five years, three bankers said on Monday.
It will pay an annual coupon of 7.59% on this issue and had invited coupon and commitment bids on Friday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 5 years | 7.59 | 11.50 | June 12 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 94.6200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
MUMBAI, June 11 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 30 billion rupees ($313.28 million) through the sale of bonds maturing in five years, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | To be decided | 10+20 | June 12 | AAA (Crisil, Care) |
Sundaram Finance | 3 years and 2 months | 7.95 | 12.60 | June 12 | AAA (Crisil) |
L&T Finance | 3 years | 8.12 | 12.50+2.50 | June 12 | AAA (Crisil, Care) |
Tata Capital Housing | 5 years | 8.15 | 11.25 | June 11 | AAA (Crisil, Icra) |
Tata Capital | 3 years | 8.15 | 20.30 | June 11 | AAA (Crisil, Icra) |
NaBFID | 3 years and 1 month | To be decided | 5+25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | To be decided | 5+25 | June 12 | AAA (Crisil, Icra) |
Axis Finance | 2 years and 7 months | 7.70 | 8 | June 10 | AAA (India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 95.7600 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, June 11 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 30 billion rupees ($313.28 million) through the sale of bonds maturing in five years, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | To be decided | 10+20 | June 12 | AAA (Crisil, Care) |
Sundaram Finance | 3 years and 2 months | 7.95 | 12.60 | June 12 | AAA (Crisil) |
L&T Finance | 3 years | 8.12 | 12.50+2.50 | June 12 | AAA (Crisil, Care) |
Tata Capital Housing | 5 years | 8.15 | 11.25 | June 11 | AAA (Crisil, Icra) |
Tata Capital | 3 years | 8.15 | 20.30 | June 11 | AAA (Crisil, Icra) |
NaBFID | 3 years and 1 month | To be decided | 5+25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | To be decided | 5+25 | June 12 | AAA (Crisil, Icra) |
Axis Finance | 2 years and 7 months | 7.70 | 8 | June 10 | AAA (India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 95.7600 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
- LIC Housing Finance posted Q4 FY2025-26 net profit after tax of Rs. 1,497.41 crore, up 9% year over year.
- Revenue from operations slipped 1% to Rs. 7,194.34 crore, while net interest income rose 3% to Rs. 2,221.78 crore.
- Net interest margin narrowed 0.05 percentage point to 2.80%.
- Q4 disbursements climbed 10% to Rs. 21,019 crore, with non-housing individual loans up 25% to Rs. 3,348 crore.
- Board proposed dividend of 500% (Rs. 10 per share); CEO Tribhuwan Adhikari cited resilient performance despite a global war scenario and said demand momentum was supported by digital infrastructure, a stable interest-rate environment, and cost optimization.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LIC Housing Finance Limited published the original content used to generate this news brief on May 13, 2026, and is solely responsible for the information contained therein.
- LIC Housing Finance posted Q4 FY2025-26 net profit after tax of Rs. 1,497.41 crore, up 9% year over year.
- Revenue from operations slipped 1% to Rs. 7,194.34 crore, while net interest income rose 3% to Rs. 2,221.78 crore.
- Net interest margin narrowed 0.05 percentage point to 2.80%.
- Q4 disbursements climbed 10% to Rs. 21,019 crore, with non-housing individual loans up 25% to Rs. 3,348 crore.
- Board proposed dividend of 500% (Rs. 10 per share); CEO Tribhuwan Adhikari cited resilient performance despite a global war scenario and said demand momentum was supported by digital infrastructure, a stable interest-rate environment, and cost optimization.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LIC Housing Finance Limited published the original content used to generate this news brief on May 13, 2026, and is solely responsible for the information contained therein.
** Non-bank lenders Shriram Finance SHMF.NS and Bajaj Finance BJFN.NS rise 2% and 1%, while shadow lenders such as LIC Housing Finance LICH.NS, Muthoot Finance MUTT.NS and Jio Financial JIOF.NS gain 1.5%-2.5%
** Rise amid a CNBC-TV18 report that the Reserve Bank of India is not considering any proposal to cap the tenure or implement a force rotation of the top management of NBFCs
** CNBC-TV18's report follows market speculation that the central bank is contemplating such a move
** BJFN lost 10% last week, taking their three-week drop to about 18%; SHMF lost a modest 0.4% last week
** In a note dated March 10, 2026, Macquarie analysts led by Suresh Ganapathy said that such a regulation "could impact SHMF followed by BJFN and force them to plan for leadership transitions in the near to medium term"
** India's financials .NIFTYFIN lost 5.7% last week as benchmarks logged their worst week in years and confirmed correction, on higher crude prices due to the Middle East conflict, which renewed concerns over economy and earnings
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Non-bank lenders Shriram Finance SHMF.NS and Bajaj Finance BJFN.NS rise 2% and 1%, while shadow lenders such as LIC Housing Finance LICH.NS, Muthoot Finance MUTT.NS and Jio Financial JIOF.NS gain 1.5%-2.5%
** Rise amid a CNBC-TV18 report that the Reserve Bank of India is not considering any proposal to cap the tenure or implement a force rotation of the top management of NBFCs
** CNBC-TV18's report follows market speculation that the central bank is contemplating such a move
** BJFN lost 10% last week, taking their three-week drop to about 18%; SHMF lost a modest 0.4% last week
** In a note dated March 10, 2026, Macquarie analysts led by Suresh Ganapathy said that such a regulation "could impact SHMF followed by BJFN and force them to plan for leadership transitions in the near to medium term"
** India's financials .NIFTYFIN lost 5.7% last week as benchmarks logged their worst week in years and confirmed correction, on higher crude prices due to the Middle East conflict, which renewed concerns over economy and earnings
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
March 13 (Reuters) - LIC Housing Finance Ltd LICH.NS:
TO CONSIDER BORROWING BUDGET FOR FY2026-2027
Source text: ID:nBSE7Jp8qW
Further company coverage: LICH.NS
(([email protected];;))
March 13 (Reuters) - LIC Housing Finance Ltd LICH.NS:
TO CONSIDER BORROWING BUDGET FOR FY2026-2027
Source text: ID:nBSE7Jp8qW
Further company coverage: LICH.NS
(([email protected];;))
LIC Housing Finance Limited reported its financial results for the third quarter (Q3) ended December 31, 2025. Revenue from operations for Q3 stood at INR 21.6 billion, representing a 4% increase. Net interest income (NII) for the quarter was INR 2.1 billion, up by 5%. Net profit after tax for Q3 amounted to INR 1.4 billion. Net interest margin (NIM) for the quarter was 2.69%. Disbursements during the quarter reached INR 16.1 billion, increasing by 4%. The outstanding loan portfolio as of December 31, 2025, was INR 314.3 billion, reflecting a 5% growth. For the nine months ended December 31, 2025, the company reported revenue from operations of INR 71.9 billion. NII for the nine-month period was INR 6.2 billion. Net profit after tax for the nine months amounted to INR 4.1 billion. NIM for the nine-month period stood at 2.66%.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LIC Housing Finance Limited published the original content used to generate this news brief on January 30, 2026, and is solely responsible for the information contained therein.
LIC Housing Finance Limited reported its financial results for the third quarter (Q3) ended December 31, 2025. Revenue from operations for Q3 stood at INR 21.6 billion, representing a 4% increase. Net interest income (NII) for the quarter was INR 2.1 billion, up by 5%. Net profit after tax for Q3 amounted to INR 1.4 billion. Net interest margin (NIM) for the quarter was 2.69%. Disbursements during the quarter reached INR 16.1 billion, increasing by 4%. The outstanding loan portfolio as of December 31, 2025, was INR 314.3 billion, reflecting a 5% growth. For the nine months ended December 31, 2025, the company reported revenue from operations of INR 71.9 billion. NII for the nine-month period was INR 6.2 billion. Net profit after tax for the nine months amounted to INR 4.1 billion. NIM for the nine-month period stood at 2.66%.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LIC Housing Finance Limited published the original content used to generate this news brief on January 30, 2026, and is solely responsible for the information contained therein.
Dec 29 (Reuters) - LIC Housing Finance Ltd LICH.NS:
GETS TAX DEMAND ORDER FOR 4.4 MILLION RUPEES AND PENALTY OF 4.8 MILLION RUPEES
Source text: ID:nNSE5mkZCP
Further company coverage: LICH.NS
(([email protected];))
Dec 29 (Reuters) - LIC Housing Finance Ltd LICH.NS:
GETS TAX DEMAND ORDER FOR 4.4 MILLION RUPEES AND PENALTY OF 4.8 MILLION RUPEES
Source text: ID:nNSE5mkZCP
Further company coverage: LICH.NS
(([email protected];))
MUMBAI, Sept 29 (Reuters) - India's LIC Housing Finance LICH.NS accepted bids worth 11 billion rupees ($123.95 million) for the reissue of its 7.77% 2028 bond, three bankers said on Monday.
It will offer a yield of 6.90% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC housing Finance Reissue | 2 years and 11 months | 9.60 | 11 | September 29 | AAA (Crisil, Care) |
Convenient Hospitals | 5 years | 9.63 (semi) | 12.25 | September 30 | AA- (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 88.7440 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, Sept 29 (Reuters) - India's LIC Housing Finance LICH.NS accepted bids worth 11 billion rupees ($123.95 million) for the reissue of its 7.77% 2028 bond, three bankers said on Monday.
It will offer a yield of 6.90% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC housing Finance Reissue | 2 years and 11 months | 9.60 | 11 | September 29 | AAA (Crisil, Care) |
Convenient Hospitals | 5 years | 9.63 (semi) | 12.25 | September 30 | AA- (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 88.7440 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
NEW DELHI, Sept 4 (Reuters) - Indian Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
Here are key highlights:
MAJOR CHANGES
India will have two key tax rates of 5% and 18% from September 22, versus four now. A new tax slab of 40% will apply to high-end goods, but all additional levies above that are to be abolished, bringing down effective tax rates on mid-size and big cars.
REVENUE LOSS, INFLATION IMPACT
The government estimates the cuts will cause revenue loss of 480 billion rupees ($5.5 billion), far lower than economists' estimate ranging from 1 trillion rupees to 1.8 trillion rupees.
Citi said India's inflation could ease as much as 1.1 percentage points if the cuts are fully passed through to consumers. India's retail inflation rate fell in July to its lowest in eight years.
TAX CUTS ON DAILY ITEMS
A tax panel approved lower GST of 5% on items of everyday use such as packaged food, medicines, toothpaste, fruit, milk products, talcum powder and shampoo, against 12% to 18% now.
The cut is expected to lift the sales of fast-moving consumer goods firms such as Hindustan Unilever HLL.NS, Nestle NEST.NS and Godrej Industries GODI.NS, while lowering costs for farmers.
It will abolish tax on individual life and health insurance products sold by companies such as LIC LIFI.NS, SBI Life Insurance SBIL.NS and ICICI Prudential Life Insurance ICIR.NS.
HOLIDAY BOOST TO SALES
The government has cut taxes on items such as cars, TVs and even cement, which could boost sales during the festival season that typically runs from the last week of September until November. India's tax panel also cut GST on air conditioners, ambulances, dishwashers, three-wheelers and hybrid vehicles.
Carmakers such as Maruti MRTI.NS and Toyota 7203.T, and manufacturers of consumer applicance such as LG Electronics LGEL.NS and Sony 6758.T are set to benefit immediately when the new rates kick in.
The tax panel also lowered the effective tax for big cars to 40% from the current rate of as much as 50%, making cars from Mercedes-Benz AGMBGn.DE, AUDI Aktiengesellschaft and BMW BMWG.DE attractive. GST on EVs was kept at 5%, giving relief to carmakers such as Tata Motors TAMO.NS and Mahindra & Mahindra MAHM.NS after a panel recommended an increase.
The government lowered taxes on fertiliser and tractors to help lower costs for farmers, recently come in the spotlight as Prime Minister Narendra Modi vowed to protect them following a breakdown in India-U.S. trade talks.
MAIN LOSERS
GST was raised to 18% from 12% on apparel and clothing accessories that cost more than 2,500 rupees, which could hurt global brands such as Marks and Spencer MKS.L, Levi Strauss LEVI.N, and Zara.
The tax on coal went to 18% from 5%, but the effective tax rate on fizzy drinks make by PepsiCo PEP.O and Coca-Cola KO.N was held at 40%.
($1=87.5060 Indian rupees)
(Reporting by Aftab Ahmed; Editing by Clarence Fernandez)
(([email protected]; +91 99109 33884;))
NEW DELHI, Sept 4 (Reuters) - Indian Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.
Here are key highlights:
MAJOR CHANGES
India will have two key tax rates of 5% and 18% from September 22, versus four now. A new tax slab of 40% will apply to high-end goods, but all additional levies above that are to be abolished, bringing down effective tax rates on mid-size and big cars.
REVENUE LOSS, INFLATION IMPACT
The government estimates the cuts will cause revenue loss of 480 billion rupees ($5.5 billion), far lower than economists' estimate ranging from 1 trillion rupees to 1.8 trillion rupees.
Citi said India's inflation could ease as much as 1.1 percentage points if the cuts are fully passed through to consumers. India's retail inflation rate fell in July to its lowest in eight years.
TAX CUTS ON DAILY ITEMS
A tax panel approved lower GST of 5% on items of everyday use such as packaged food, medicines, toothpaste, fruit, milk products, talcum powder and shampoo, against 12% to 18% now.
The cut is expected to lift the sales of fast-moving consumer goods firms such as Hindustan Unilever HLL.NS, Nestle NEST.NS and Godrej Industries GODI.NS, while lowering costs for farmers.
It will abolish tax on individual life and health insurance products sold by companies such as LIC LIFI.NS, SBI Life Insurance SBIL.NS and ICICI Prudential Life Insurance ICIR.NS.
HOLIDAY BOOST TO SALES
The government has cut taxes on items such as cars, TVs and even cement, which could boost sales during the festival season that typically runs from the last week of September until November. India's tax panel also cut GST on air conditioners, ambulances, dishwashers, three-wheelers and hybrid vehicles.
Carmakers such as Maruti MRTI.NS and Toyota 7203.T, and manufacturers of consumer applicance such as LG Electronics LGEL.NS and Sony 6758.T are set to benefit immediately when the new rates kick in.
The tax panel also lowered the effective tax for big cars to 40% from the current rate of as much as 50%, making cars from Mercedes-Benz AGMBGn.DE, AUDI Aktiengesellschaft and BMW BMWG.DE attractive. GST on EVs was kept at 5%, giving relief to carmakers such as Tata Motors TAMO.NS and Mahindra & Mahindra MAHM.NS after a panel recommended an increase.
The government lowered taxes on fertiliser and tractors to help lower costs for farmers, recently come in the spotlight as Prime Minister Narendra Modi vowed to protect them following a breakdown in India-U.S. trade talks.
MAIN LOSERS
GST was raised to 18% from 12% on apparel and clothing accessories that cost more than 2,500 rupees, which could hurt global brands such as Marks and Spencer MKS.L, Levi Strauss LEVI.N, and Zara.
The tax on coal went to 18% from 5%, but the effective tax rate on fizzy drinks make by PepsiCo PEP.O and Coca-Cola KO.N was held at 40%.
($1=87.5060 Indian rupees)
(Reporting by Aftab Ahmed; Editing by Clarence Fernandez)
(([email protected]; +91 99109 33884;))
MUMBAI, June 17 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 36 billion rupees ($418.75 million), which includes a greenshoe option of 25 billion rupees, through sale of bonds maturing in two years and three months, three bankers said on Tuesday.
The housing finance company has invited bids from bankers and investors on Wednesday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on June 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years and 3 months | To be decided | 11+25 | June 18 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.9700 Indian rupees)
(Reporting by Dharamraj Dhutia;Editing by Nivedita Bhattacharjee)
MUMBAI, June 17 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 36 billion rupees ($418.75 million), which includes a greenshoe option of 25 billion rupees, through sale of bonds maturing in two years and three months, three bankers said on Tuesday.
The housing finance company has invited bids from bankers and investors on Wednesday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on June 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years and 3 months | To be decided | 11+25 | June 18 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.9700 Indian rupees)
(Reporting by Dharamraj Dhutia;Editing by Nivedita Bhattacharjee)
MUMBAI, May 27 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 35 billion rupees ($411.3 million), including a greenshoe of 25 billion rupees, through the reissue of 7.07% April 2030 bonds, three bankers said on Tuesday.
The housing finance company has invited bids from bankers and investors for the issue on Wednesday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on May 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 4 years and 11 months | To be decided | 10+25 | May 28 | AAA (Crisil, Care) |
Sundaram Finance | 2 years | 6.99 | 10 | May 28 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.0890 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, May 27 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 35 billion rupees ($411.3 million), including a greenshoe of 25 billion rupees, through the reissue of 7.07% April 2030 bonds, three bankers said on Tuesday.
The housing finance company has invited bids from bankers and investors for the issue on Wednesday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on May 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 4 years and 11 months | To be decided | 10+25 | May 28 | AAA (Crisil, Care) |
Sundaram Finance | 2 years | 6.99 | 10 | May 28 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.0890 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
LIC Housing Finance Limited recently held a conference call to discuss the Q4 FY25 earnings results, hosted by Axis Capital on May 16, 2025. The event was attended by key management personnel including Mr. Tribhuwan Adhikari, Managing Director and CEO, and Mr. Lokesh Mundhra, CFO of LIC Housing Finance Limited. During the call, Mr. Adhikari highlighted the company's financial performance, noting a 5% increase in total revenue from operations, which amounted to INR7,283 crores compared to INR6,936 crores from the previous year. The total loan portfolio grew by 7.38%, reaching INR3,07,732 crores. Mr. Adhikari also discussed the impact of recent economic developments, including the Reserve Bank of India's successive 25 basis point reductions in the repo rate during 2025 and various liquidity-boosting measures by the RBI. He stated, "The cumulative 50 basis point rate cut, combined with the improved liquidity from these interventions led to a decline in market yields during Q1 of the current fiscal." The full transcript can be accessed through the link below.
LIC Housing Finance Limited recently held a conference call to discuss the Q4 FY25 earnings results, hosted by Axis Capital on May 16, 2025. The event was attended by key management personnel including Mr. Tribhuwan Adhikari, Managing Director and CEO, and Mr. Lokesh Mundhra, CFO of LIC Housing Finance Limited. During the call, Mr. Adhikari highlighted the company's financial performance, noting a 5% increase in total revenue from operations, which amounted to INR7,283 crores compared to INR6,936 crores from the previous year. The total loan portfolio grew by 7.38%, reaching INR3,07,732 crores. Mr. Adhikari also discussed the impact of recent economic developments, including the Reserve Bank of India's successive 25 basis point reductions in the repo rate during 2025 and various liquidity-boosting measures by the RBI. He stated, "The cumulative 50 basis point rate cut, combined with the improved liquidity from these interventions led to a decline in market yields during Q1 of the current fiscal." The full transcript can be accessed through the link below.
May 15 (Reuters) - India's LIC Housing Finance LICH.NS beat fourth-quarter profit expectations on Thursday, helped by healthy asset quality and lower provisions.
The non-banking finance company's (NBFC) profit after tax came in at 13.68 billion Indian rupees ($160 million) for the January-March period, compared to analysts' average estimate of 13.49 billion rupees as per data compiled by LSEG.
Over recent quarters, LIC Housing has witnessed an improvement in asset quality, leading to reduced funds allocated for bad loans, boosting its profitability.
The company's asset quality improved, with gross stage 3 assets ratio, or loans that are overdue for more than 90 days, declining to 2.47% for the quarter from 3.31% a year earlier.
Provisions for bad loans decreased significantly to 1.09 billion rupees from 4.28 billion rupees the previous year.
LIC Housing Finance's total loan disbursements grew 5% to 191.56 billion rupees.
However, the Mumbai-based company's disbursements have been slower than its peers in last few quarters, with PNB Housing posting a 23% rise in fourth-quarter disbursements last month.
LIC Housing Finance's net interest income, the difference between interest earned and paid, fell 3% to 21.66 billion rupees.
Its net interest margin rose to 2.86% from 2.7% in the previous quarter, though down from 3.15% a year earlier.
($1 = 85.4450 Indian rupees)
(Reporting by Nishit Navin and Nandan Mandayam; Editing by Varun H K and Tasim Zahid)
(([email protected];))
May 15 (Reuters) - India's LIC Housing Finance LICH.NS beat fourth-quarter profit expectations on Thursday, helped by healthy asset quality and lower provisions.
The non-banking finance company's (NBFC) profit after tax came in at 13.68 billion Indian rupees ($160 million) for the January-March period, compared to analysts' average estimate of 13.49 billion rupees as per data compiled by LSEG.
Over recent quarters, LIC Housing has witnessed an improvement in asset quality, leading to reduced funds allocated for bad loans, boosting its profitability.
The company's asset quality improved, with gross stage 3 assets ratio, or loans that are overdue for more than 90 days, declining to 2.47% for the quarter from 3.31% a year earlier.
Provisions for bad loans decreased significantly to 1.09 billion rupees from 4.28 billion rupees the previous year.
LIC Housing Finance's total loan disbursements grew 5% to 191.56 billion rupees.
However, the Mumbai-based company's disbursements have been slower than its peers in last few quarters, with PNB Housing posting a 23% rise in fourth-quarter disbursements last month.
LIC Housing Finance's net interest income, the difference between interest earned and paid, fell 3% to 21.66 billion rupees.
Its net interest margin rose to 2.86% from 2.7% in the previous quarter, though down from 3.15% a year earlier.
($1 = 85.4450 Indian rupees)
(Reporting by Nishit Navin and Nandan Mandayam; Editing by Varun H K and Tasim Zahid)
(([email protected];))
MUMBAI, April 25 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 18 billion rupees ($210.3 million), which includes 8 billion rupees in greenshoe option, through the sale of bonds maturing in five years, three bankers said on Friday.
The housing finance company has invited bids from bankers and investors for the issue on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on April 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | To be decided | 10+8 | April 28 | AAA(Crisil, Care) |
Bajaj Finance | 2 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 5 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 3 year and 2 months | To be decided | 2.50+12.50 | April 25 | AAA (Crisil) |
Cube Highways Trust | 3 years | 7.2503 | 5.52 | April 24 | AAA (Crisil) |
Cube Highways Trust | 7 years | 7.3006 | 6 | April 24 | AAA (Crisil) |
Tata Power Renewable Energy | 15 years | 7.55 | 10 | April 24 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.6100 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, April 25 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 18 billion rupees ($210.3 million), which includes 8 billion rupees in greenshoe option, through the sale of bonds maturing in five years, three bankers said on Friday.
The housing finance company has invited bids from bankers and investors for the issue on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on April 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | To be decided | 10+8 | April 28 | AAA(Crisil, Care) |
Bajaj Finance | 2 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 5 year and 2 months | To be decided | 2.50+2.50 | April 25 | AAA (Crisil) |
Bajaj Finance | 3 year and 2 months | To be decided | 2.50+12.50 | April 25 | AAA (Crisil) |
Cube Highways Trust | 3 years | 7.2503 | 5.52 | April 24 | AAA (Crisil) |
Cube Highways Trust | 7 years | 7.3006 | 6 | April 24 | AAA (Crisil) |
Tata Power Renewable Energy | 15 years | 7.55 | 10 | April 24 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.6100 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sumana Nandy)
April 17 (Reuters) - LIC Housing Finance Ltd LICH.NS:
APROVES APPOINTMENT OF LOKESH MUNDHRA AS CFO
Source text: [ID:]
Further company coverage: LICH.NS
(([email protected];;))
April 17 (Reuters) - LIC Housing Finance Ltd LICH.NS:
APROVES APPOINTMENT OF LOKESH MUNDHRA AS CFO
Source text: [ID:]
Further company coverage: LICH.NS
(([email protected];;))
MUMBAI, April 15 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 14 billion rupees ($163.3 million) for the reissue of 7.74% October 2027 bonds, three bankers said on Tuesday.
The company will offer a yield of 7.19% and had invited bids from bankers and investors for the reissue earlier in the day, they said.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Fin Oct 2027 reissue | 2 years and 6 months | 7.19 (yield) | 14 | April 15 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 2 months | To be decided | 5+@5 | April 16 | AAA (Crisil) |
NABARD Sept 2028 reissue | 3 years and 5 months | 7.0080(yield) | 70 | April 15 | AAA (Crisil, India rating) |
Toyota Financial Services | 3 years and 2 months | 7.6950 | 5 | April 15 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 85.7140 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Savio D'Souza)
MUMBAI, April 15 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 14 billion rupees ($163.3 million) for the reissue of 7.74% October 2027 bonds, three bankers said on Tuesday.
The company will offer a yield of 7.19% and had invited bids from bankers and investors for the reissue earlier in the day, they said.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Fin Oct 2027 reissue | 2 years and 6 months | 7.19 (yield) | 14 | April 15 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 2 months | To be decided | 5+@5 | April 16 | AAA (Crisil) |
NABARD Sept 2028 reissue | 3 years and 5 months | 7.0080(yield) | 70 | April 15 | AAA (Crisil, India rating) |
Toyota Financial Services | 3 years and 2 months | 7.6950 | 5 | April 15 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 85.7140 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Savio D'Souza)
MUMBAI, April 9 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.8 million) for the reissue of 7.6450% February 2030 bonds, three bankers said on Wednesday.
The company will offer a yield of 7.20% on this issue and had invited bids from bankers and investors on Tuesday, they said.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Fin | 4 years and 10 months | 7.20 (yield) | 10 | April 8 | AAA (Crisil, Care) |
Cholamandalam Investment | 7 years | 8.75 | 5 | April 8 | AA+ (Icra, India Ratings) |
L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
L&T Finance | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
*Size includes base plus greenshoe for some issues
($1 = 86.3810 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, April 9 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.8 million) for the reissue of 7.6450% February 2030 bonds, three bankers said on Wednesday.
The company will offer a yield of 7.20% on this issue and had invited bids from bankers and investors on Tuesday, they said.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Fin | 4 years and 10 months | 7.20 (yield) | 10 | April 8 | AAA (Crisil, Care) |
Cholamandalam Investment | 7 years | 8.75 | 5 | April 8 | AA+ (Icra, India Ratings) |
L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
L&T Finance | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
*Size includes base plus greenshoe for some issues
($1 = 86.3810 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, April 7 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 20 billion rupees ($233.4 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.6450% February 2030 bonds, three bankers said on Monday.
The company has invited bids from bankers and investors for the reissues on Tuesday, they said. It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance February 2030 reissue | 5 years | 7.6450 | 10+10 | April 8 | AAA (Crisil, Care) |
Shriram Finance | 3 years | 8.70 | 3.75+15 | April 8 | AA+ (Crisil) |
Shriram Finance | 5 years and 3 months | 8.69 | 3.75+15 | April 8 | AA+ (Crisil) |
India Infradebt Sept 2030 reissue | 5 years and 5 months | To be decided | 2.50+7.50 | April 8 | AAA (Crisil, Icra) |
India Infradebt Dec 2034 reissue | 9 years and 8 months | To be decided | 1+4 | April 8 | AAA (Crisil, Icra) |
Cholamandalam Investment | 7 years | 8.75 | 5+5 | April 8 | AA+ (Icra, India Ratings) |
REC | 15 years | To be decided | 5+25 | April 8 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.6990 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Varun H K)
MUMBAI, April 7 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 20 billion rupees ($233.4 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.6450% February 2030 bonds, three bankers said on Monday.
The company has invited bids from bankers and investors for the reissues on Tuesday, they said. It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance February 2030 reissue | 5 years | 7.6450 | 10+10 | April 8 | AAA (Crisil, Care) |
Shriram Finance | 3 years | 8.70 | 3.75+15 | April 8 | AA+ (Crisil) |
Shriram Finance | 5 years and 3 months | 8.69 | 3.75+15 | April 8 | AA+ (Crisil) |
India Infradebt Sept 2030 reissue | 5 years and 5 months | To be decided | 2.50+7.50 | April 8 | AAA (Crisil, Icra) |
India Infradebt Dec 2034 reissue | 9 years and 8 months | To be decided | 1+4 | April 8 | AAA (Crisil, Icra) |
Cholamandalam Investment | 7 years | 8.75 | 5+5 | April 8 | AA+ (Icra, India Ratings) |
REC | 15 years | To be decided | 5+25 | April 8 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.6990 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Varun H K)
MUMBAI, March 21 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 70 billion rupees ($813.5 million) for bonds maturing in 10 years, three bankers said on Friday.
The housing finance company will pay an annual coupon of 7.58% on this issue and had invited bids from bankers and investors earlier in the day, they said.
This issue has a put option at the end of three years.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | 7.58 | 70 | March 21 | AAA (Crisil,Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.0450 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 21 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 70 billion rupees ($813.5 million) for bonds maturing in 10 years, three bankers said on Friday.
The housing finance company will pay an annual coupon of 7.58% on this issue and had invited bids from bankers and investors earlier in the day, they said.
This issue has a put option at the end of three years.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | 7.58 | 70 | March 21 | AAA (Crisil,Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.0450 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 20 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 70 billion rupees ($810 million), which includes 45 billion rupees of a greenshoe option through sale of bonds maturing in 10 years, three bankers said on Thursday.
The housing finance company has invited bids from bankers and investors for the issue on Friday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | To be decided | 25+45 | March 21 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.3880 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, March 20 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 70 billion rupees ($810 million), which includes 45 billion rupees of a greenshoe option through sale of bonds maturing in 10 years, three bankers said on Thursday.
The housing finance company has invited bids from bankers and investors for the issue on Friday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 10 years | To be decided | 25+45 | March 21 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.3880 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, March 18 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.3 million) for bonds maturing in two years, three bankers said on Tuesday.
The housing finance company will pay an annual coupon of 7.73% on this issue and had invited bids from bankers and investors for the issue on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | 7.73 | 10 | March 17 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.7000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, March 18 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.3 million) for bonds maturing in two years, three bankers said on Tuesday.
The housing finance company will pay an annual coupon of 7.73% on this issue and had invited bids from bankers and investors for the issue on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | 7.73 | 10 | March 17 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.7000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, March 13 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 40 billion rupees ($459.45 million), including 30 billion rupees of a greenshoe option, through sale of bonds maturing in two years, three bankers said on Thursday.
The housing finance company has invited bids from bankers and investors for the issue on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | To be decided | 10+30 | March 17 | AAA (Crisil, Care) |
Can Fin Homes | 2 years and 2 months | To be decided | 4+12 | March 17 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 87.0600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips
)
MUMBAI, March 13 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 40 billion rupees ($459.45 million), including 30 billion rupees of a greenshoe option, through sale of bonds maturing in two years, three bankers said on Thursday.
The housing finance company has invited bids from bankers and investors for the issue on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 2 years | To be decided | 10+30 | March 17 | AAA (Crisil, Care) |
Can Fin Homes | 2 years and 2 months | To be decided | 4+12 | March 17 | AAA (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 87.0600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips
)
MUMBAI, March 11 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 12.25 billion rupees ($140.5 million) for the reissue of 7.6450% February 2030 bonds, three bankers said on Tuesday.
The housing finance company will offer a yield of 7.68% and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance Feb 2030 reissue | Nearly 5 years | 7.68 (yield) | 12.25 | March 11 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.2190 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 11 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 12.25 billion rupees ($140.5 million) for the reissue of 7.6450% February 2030 bonds, three bankers said on Tuesday.
The housing finance company will offer a yield of 7.68% and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance Feb 2030 reissue | Nearly 5 years | 7.68 (yield) | 12.25 | March 11 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.2190 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
March 4 (Reuters) - LIC Housing Finance Ltd LICH.NS:
DENIES RESIGNATION OF COMPANY SECRETARY
VARSHA CHANDAR HARDASANI CONTINUES AS COMPANY SECRETARY
Source text: ID:nNSEyQ7M7
Further company coverage: LICH.NS
(([email protected];;))
March 4 (Reuters) - LIC Housing Finance Ltd LICH.NS:
DENIES RESIGNATION OF COMPANY SECRETARY
VARSHA CHANDAR HARDASANI CONTINUES AS COMPANY SECRETARY
Source text: ID:nNSEyQ7M7
Further company coverage: LICH.NS
(([email protected];;))
MUMBAI, March 3 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 7 billion rupees ($80.1 million) for the reissue of 7.74% October 2027 bonds, three bankers said on Monday.
The housing finance company will offer a yield of 7.74% and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Oct 2027 reissue | 2 years and 8 months | 7.74 (yield) | 7 | March 3 | AAA (Crisil, Care) |
360 One Prime | 2 years | 9.40 | 5 | March 3 | AA (Icra) |
JSW Energy | 3 years | 8.75 | 7 | March 3 | AA (Icra, India Ratings) |
JSW Energy | 5 years | 8.80 | 5 | March 3 | AA (Icra, India Ratings) |
UltraTech Cement | 3 years | To be decided | 10 | March 4 | AAA (Crisil) |
UltraTech Cement | 5 years | To be decided | 10 | March 4 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.3850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, March 3 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 7 billion rupees ($80.1 million) for the reissue of 7.74% October 2027 bonds, three bankers said on Monday.
The housing finance company will offer a yield of 7.74% and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on March 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Oct 2027 reissue | 2 years and 8 months | 7.74 (yield) | 7 | March 3 | AAA (Crisil, Care) |
360 One Prime | 2 years | 9.40 | 5 | March 3 | AA (Icra) |
JSW Energy | 3 years | 8.75 | 7 | March 3 | AA (Icra, India Ratings) |
JSW Energy | 5 years | 8.80 | 5 | March 3 | AA (Icra, India Ratings) |
UltraTech Cement | 3 years | To be decided | 10 | March 4 | AAA (Crisil) |
UltraTech Cement | 5 years | To be decided | 10 | March 4 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.3850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Feb 28 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 14 billion rupees ($160.3 million), including a greenshoe option of 9 billion rupees, through the reissue of 7.74% October 2027 bonds, three bankers said on Friday.
The housing finance company has invited bids from bankers and investors on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 2 years and 8 months | To be decided | 5+9 | March 3 | AAA (Crisil, Care) |
Canfin Homes | 1 year and 10 months | To be decided | 5+5 | March 3 | AAA/Stable (Icra) |
Capital Infra Trust | 13 years | To be decided | 11.63 | March 3 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.3620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, Feb 28 (Reuters) - India's LIC Housing Finance LICH.NS plans to raise 14 billion rupees ($160.3 million), including a greenshoe option of 9 billion rupees, through the reissue of 7.74% October 2027 bonds, three bankers said on Friday.
The housing finance company has invited bids from bankers and investors on Monday, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing | 2 years and 8 months | To be decided | 5+9 | March 3 | AAA (Crisil, Care) |
Canfin Homes | 1 year and 10 months | To be decided | 5+5 | March 3 | AAA/Stable (Icra) |
Capital Infra Trust | 13 years | To be decided | 11.63 | March 3 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.3620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, Feb 20 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.45 million) for bonds maturing in five years, three bankers said on Thursday.
The housing finance company will pay an annual coupon of 7.6450% on this issue and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | 7.6450 | 10 | February 20 | AAA (Crisil, Care) |
Cube Highways Trust | 19 years and 1 month | 7.59 (quarterly) | 6 | February 20 | AAA (Crisil) |
Tata Steel | 5 years | 7.65 | 30 | February 20 | AAA (India Ratings) |
IREDA | 11 years | To be decided | 5+10 | February 24 | AAA (India Ratings, Icra |
GMR Airports | 3 years | To be decided | 11 | February 24 | BBB+ (Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.6200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Feb 20 (Reuters) - India's LIC Housing Finance LICH.NS has accepted bids worth 10 billion rupees ($115.45 million) for bonds maturing in five years, three bankers said on Thursday.
The housing finance company will pay an annual coupon of 7.6450% on this issue and had invited bids from bankers and investors earlier in the day, they said.
LIC Housing Finance did not reply to a Reuters email for comment.
Here is the list of deals reported so far on February 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
LIC Housing Finance | 5 years | 7.6450 | 10 | February 20 | AAA (Crisil, Care) |
Cube Highways Trust | 19 years and 1 month | 7.59 (quarterly) | 6 | February 20 | AAA (Crisil) |
Tata Steel | 5 years | 7.65 | 30 | February 20 | AAA (India Ratings) |
IREDA | 11 years | To be decided | 5+10 | February 24 | AAA (India Ratings, Icra |
GMR Airports | 3 years | To be decided | 11 | February 24 | BBB+ (Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.6200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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Popular questions
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What does LIC Housing Finance do?
LIC Housing Finance offers long-term finance for purchasing or building homes, and support for business or personal needs through property-backed loans. The company empowers professionals to set up clinics or offices and provide funding for builders shaping residential spaces. The company has an array of customized loan products catering to first time homebuyers, salaried, self-employed, professionals and pensioners at low rates of interest and affordable EMIs.
Who are the competitors of LIC Housing Finance?
LIC Housing Finance major competitors are PNB Housing Finance, Housing & Urban Dev., Sammaan Capital, Aptus Value Housing, Home First Finance, Can Fin Homes, Aavas Financiers. Market Cap of LIC Housing Finance is ₹30,262 Crs. While the median market cap of its peers are ₹14,808 Crs.
Is LIC Housing Finance financially stable compared to its competitors?
LIC Housing Finance seems to be less financially stable compared to its competitors. Altman Z score of LIC Housing Finance is 0.61 and is ranked 7 out of its 8 competitors.
Does LIC Housing Finance pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. LIC Housing Finance latest dividend payout ratio is 10.11% and 3yr average dividend payout ratio is 12.23%
How strong is LIC Housing Finance balance sheet?
Latest balance sheet of LIC Housing Finance is strong. Strength was visible historically as well.
Is the profitablity of LIC Housing Finance improving?
Yes, profit is increasing. The profit of LIC Housing Finance is ₹5,601 Crs for TTM, ₹5,442 Crs for Mar 2025 and ₹4,763 Crs for Mar 2024.
Is LIC Housing Finance stock expensive?
LIC Housing Finance is not expensive. Latest PE of LIC Housing Finance is 5.4 while 3 year average PE is 7.33. Also latest Price to Book of LIC Housing Finance is 0.73 while 3yr average is 0.91.
Has the share price of LIC Housing Finance grown faster than its competition?
LIC Housing Finance has given lower returns compared to its competitors. LIC Housing Finance has grown at ~9.18% over the last 4yrs while peers have grown at a median rate of 17.08%
Is the promoter bullish about LIC Housing Finance?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in LIC Housing Finance is 45.24% and last quarter promoter holding is 45.24%.
Are mutual funds buying/selling LIC Housing Finance?
The mutual fund holding of LIC Housing Finance is decreasing. The current mutual fund holding in LIC Housing Finance is 17.72% while previous quarter holding is 18.21%.