April 26, 2017 / 11:22 AM / 5 months ago

BRIEF-GIC Housing Finance March-qtr profit rises

April 26 (Reuters) - GIC Housing Finance Ltd

* March quarter net profit 466.1 million rupees versus profit 358.7 million rupees year ago

* March quarter revenue from operations 2.66 billion rupees versus 2.33 billion rupees year ago

* Says recommends dividend of INR 5/share

* Says revises limit of raising funds via NCD/bonds issue up to 8 billion rupees

* Says approves related party transactions up to 10 billion rupees

* Says approves increase in borrowing powers from 100 billion rupees to 125 billion rupees Source text: (bit.ly/2pkIIC7) Further company coverage:

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