April 24, 2018 / 11:05 AM / 3 months ago

BRIEF-India's GIC Housing Finance March Qtr Profit Rises

April 24 (Reuters) - GIC Housing Finance Ltd:

* MARCH QUARTER NET PROFIT 598.7 MILLION RUPEES VERSUS PROFIT 466.1 MILLION RUPEES YEAR AGO

* MARCH QUARTER REVENUE FROM OPERATIONS 2.96 BILLION RUPEES VERSUS 2.66 BILLION RUPEES YEAR AGO

* SAYS APPROVED INCREASE IN BORROWING POWERS OF CO TO 150 BILLION RUPEES

* RECOMMENDED DIVIDEND OF 5.50 RUPEES PER SHARE

* APPROVED RAISING LIMIT OF RAISING FUNDS VIA ISSUE OF NCDS/BONDS THROUGH PRIVATE PLACEMENT BASIS UP TO 10 BILLION RUPEES Source text - bit.ly/2Hscs63 Further company coverage:

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