ICICI Home Finance Company Ltd today said it will raise Rs 81 crore by allotting bonds on a private placement basis, and the issue will open tomorrow.
"The Committee of Directors at its meeting on December 7, 2015 approved allotment of Rs 810 million of unsecured redeemable senior bonds in the nature of debentures on private placement basis," ICICI Home Finance said in a regulatory filing.
It said the bonds would be issued under three options, which will open for subscription on December 8 for one day.
The company will allot bonds to respective investors on the same day subject to receipt of funds from them, it added.
ICICI Home Finance Company Ltd, part of the ICICI group, is a lender in mortgage finance and realty space.
