LIC Housing Finance secures top CARE AAA rating for ₹10,000 Crore NCDs

LIC Housing Finance Ltd., a leading housing finance player and subsidiary of Life Insurance Corporation of India, has achieved a prestigious credit rating upgrade. CARE Ratings Limited has assigned a CARE AAA; Stable rating to the company's proposed issuance of Non-Convertible Debentures (NCDs) worth ₹10,000 crore. This top-tier rating signals exceptional creditworthiness and stability, boosting investor confidence.

Shares of LIC Housing Finance Limited was last trading in BSE at Rs. 539.75 as compared to the previous close of Rs. 545.50. The total number of shares traded during the day was 24164 in over 991 trades.

The stock hit an intraday high of Rs. 548.15 and intraday low of 538.60. The net turnover during the day was Rs. 13111846.00.

Source : Equity Bulls

Keywords

LICHousingFinance INE115A01026 CreditRating Update NCDs