LIC Housing Finance Limited — Others, 05-12-2024: Security Cover Certificate

LIC Housing Finance Limited has engaged Vistra ITCL (India) Limited to provide a Security Cover Certificate as of September 30, 2024, confirming compliance with financial covenants for its secured debentures amounting to ₹6,742 crore. The review indicates that the company's assets secure the debentures with a cover ratio of 1.00 times on an exclusive basis, remaining consistent with the previous quarter but slightly dropping from 1.20 times on a pari-passu basis due to increased debts. Overall, the continued adherence to security cover requirements reinforces financial stability, presenting a positive outlook for investors despite rising debt levels.