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Godrej Housing looks to raise up to Rs 1500 crore in FY22 SECTIONS Share Synopsis The mortgage lender is looking at a mix of bank, non-convertible debentures and short-term commercial paper (CP) borrowing. It plans to have only 10-20 per cent of short-term CP money in its total funding mix. ThinkStock Photos INSIGHTS NSE Explore Now MUMBAI: Godrej Housing Finance plans to raise 500-1,500 crore in 2021-22 to meet its expansion plans. The newly minted housing finance lender expects to start its first round of fundraising in the quarter starting April, its MD told ET. “Our conversations have already begun and we have set up a few contingency lines, but we will look to go to the market in the April quarter,” said Manish Shah, managing director, Godrej Housing Finance. “Next fiscal year we will look to borrow between 500 and 1,500 crore depending on the pricing we get and how we want to look at leverage.”

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