Star Housing Finance Reports Term Loan Instalment Payments Details
Star Housing Finance Limited, formerly known as Akme Star Housing Finance Limited, disclosed details regarding term loan instalment payments from two different lenders, Hinduja Housing Finance Limited and LIC Housing Finance Limited, on April 7, 2026.The company reported details concerning obligations with Hinduja Housing Finance Limited. On February 28, 2026, the current default amount stood at a principal of 0.50 INR crore with no interest default recorded. The details of the obligation involved secured term loan instalments.
For the obligation with Hinduja Housing Finance Limited, the total principal amounts, tenure, and interest rates were detailed across several components. The outstanding borrowings from banks and financial institutions remained at 410.02 INR crore, aligning with the total financial indebtedness of the entity at 410.02 INR crore.
Specific details for the secured term loan instalments included:
- A total principal amount of 5.3 INR crore with a tenure of 60 months and an interest rate of 11.2.
- Another obligation had a total principal amount of 10 INR crore, 60 months tenure, and an interest rate of 11.55.
- A third obligation reported a total principal amount of 9.5 INR crore, a tenure of 60 months, and an interest rate of 13.5.
Regarding LIC Housing Finance Limited, the nature of the obligation was also reported as a Term Loan Instalment Payment. The date of default was recorded as March 1, 2026. The current default amount comprised a principal of 1.32 INR crore, with no interest default.
The structure of the obligation with LIC Housing Finance Limited detailed the total principal amount, tenure, and interest rate for multiple segments. The reported principal amounts included 10 INR crore with a 60-month tenure and an interest rate of 13.5, 25 INR crore with a 60-month tenure and an interest rate of 12, and another segment with a principal of 25 INR crore, a 60-month tenure, and an interest rate of 12.
In summary, the total amount of outstanding borrowings from banks and financial institutions was reported as 410.02 INR crore, matching the total financial indebtedness of the listed entity.
Stock Price Movement
At the close on Tuesday, Star Housing Finance Ltd settled at ₹4.45, marking a 4.95% appreciation for its shares. Throughout the trading day, the stock navigated a clear range, finding support between ₹4.36 and ₹4.45.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.