Aditya Birla Housing Finance raises ₹830 crore from IFC
2 months ago

Aditya Birla Housing Finance raises ₹830 crore from IFC

The Hindu  

Aditya Birla Housing Finance Ltd., a wholly owned subsidiary of Aditya Birla Capital said it had secured an investment of ₹830 crore through non-convertible debentures from the International Finance Corporation. The funds raised through IFC’s investment will be utilised to address critical gaps by providing housing loans to low-income and middle-income groups, with particular focus on encouraging homeownership among women, the company said in a statement. Pankaj Gadgil, MD & CEO, Aditya Birla Housing Finance Ltd., said, “This initiative empowers underserved communities, particularly women borrowers, while supporting MSMEs to foster entrepreneurial growth and economic empowerment. By combining IFC’s global expertise with our vision, we aim to make homeownership accessible, drive progress, and build a sustainable financial ecosystem in India.” Wendy Werner, Country Head, India and Maldives, IFC, said, ”Through our partnership with Aditya Birla Housing Finance, we aim to expand affordable housing finance and enable more women to become business owners.”

Finance Housing Msme Ifc  housing  raises  investment  birla  progress  msmes  830  aditya  finance  underserved  supporting  ifc  women  crore

History of this topic

Aditya Birla’s paper biz divestment amplifies focus on real estate
1 day, 4 hours ago

Aditya Birla’s paper biz divestment amplifies focus on real estate

Live Mint  

Aditya Birla Real Estate Ltd is divesting its paper division, Century Pulp and Paper, to ITC Ltd in a move that will allow it to sharpen its focus on real estate. For instance, Antique Stock Broking had valued the paper business at around ₹3,200 crore, while Nomura Global Markets Research, in its sum-of-the-parts valuation, estimated it at ₹2,000 crore, based …

Multiples-backed Vastu Housing Finance looks to deepen presence beyond metros ahead of IPO
2 months ago

Multiples-backed Vastu Housing Finance looks to deepen presence beyond metros ahead of IPO

Live Mint  

BENGALURU : Vastu Housing Finance, which secured several rounds of funding last year, plans to deepen its presence in existing markets and enter new segments before it starts preparing for a public listing, co-founder Sandeep Menon told Mint in an interview. According to Manushree Saggar, senior vice president & sector head of the financial sector ratings at ICRA, the affordable …

Weaver Services to raise ₹1,000 crore from Premji Invest, Paragon Partners
3 months, 1 week ago

Weaver Services to raise ₹1,000 crore from Premji Invest, Paragon Partners

Live Mint  

Bengaluru/Mumbai: Weaver Services Pvt. Ltd, an affordable housing finance company founded by former employees of HDFC Ltd, is in talks to raise about ₹1,000 crores from Premji Invest and Paragon Partners, three people familiar with the matter told Mint. Capital India Home Loans is a subsidiary of Capital India Finance Ltd, a non-deposit taking non-banking financial company, which is focussed …

DDA collaborates with fintech firm to ease affordable housing loans
3 months, 3 weeks ago

DDA collaborates with fintech firm to ease affordable housing loans

New Indian Express  

NEW DELHI: In a significant move to enhance accessibility to affordable housing loans in the capital, the Delhi Development Authority has signed a Memorandum of Understanding with Ambak, a new-age fintech company. As part of the agreement, DDA will share property details of its housing projects across income categories, including Economically Weaker Sections, Low-Income Groups, Middle-Income Groups, and High-Income Groups, …

Prestige group raises ₹2,001 cr from ADIA, Kotak AIF to build housing projects across four cities
1 year ago

Prestige group raises ₹2,001 cr from ADIA, Kotak AIF to build housing projects across four cities

Hindustan Times  

Bengaluru-based Prestige Group has raised ₹2,001 crore from the Abu Dhabi Investment Authority and Kotak AIF to develop greenfield residential projects across four cities - Bengaluru, Mumbai, Goa, and NCR - with a combined Gross Development Value of over ₹18,000 crore. Bengaluru-based Prestige Group has raised ₹ 2,001 crore from the Abu Dhabi Investment Authority and Kotak AIF to develop …

Bharat Housing Network raises ₹125 cr in Series A round led by Nabventures
1 year, 4 months ago

Bharat Housing Network raises ₹125 cr in Series A round led by Nabventures

Live Mint  

Affordable housing co-lending platform Bharat Housing Network on Thursday said it has bagged ₹125 crore in its Series A funding round led by Nabventures. Housing finance is at the core of our business model and we continue to innovate to make housing credit more accessible and affordable across income groups,” said Lalit Meghnani, the founder of the platform. Bharat Housing …

Stocks to Watch: Reliance Industries, HDFC, banks, IIFL Finance, Bajaj Auto
2 years, 9 months ago

Stocks to Watch: Reliance Industries, HDFC, banks, IIFL Finance, Bajaj Auto

Live Mint  

NEW DELHI: Here is a list of stocks that could be in focus on Friday: Reliance Industries: A consortium of Reliance Industries Ltd and buyout firm Apollo Global Management Inc. has emerged as the strongest contender to acquire Walgreens Boots Alliance Inc.’s Boots pharmacies unit in the UK. IIFL Finance Ltd: Abu Dabhi Investment Authority has agreed to pay ₹2,200 …

Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors
5 years, 4 months ago

Nirmala Sitharaman's support for realty indicates Narendra Modi govt's willingness to get into micro details to revive growth in other sectors

Firstpost  

The present decision to open a new window for finance is hence quite timely and should address to a large extent the woes of the real estate segment The improvement in the World Bank Doing business rank is just a statistic, but sounds good in the global context. The decision taken to create an Alternative Investment Fund for Rs 25,000 …

Icra downgrades Indiabulls Housing Finance’s ₹1.12-trillion long-term debt plan
5 years, 7 months ago

Icra downgrades Indiabulls Housing Finance’s ₹1.12-trillion long-term debt plan

Live Mint  

Credit rating agency Icra has downgraded Indiabulls Housing Finance Ltd’s ₹1.12-trillion long-term debt programme to AA+ citing increased challenges for non-banking finance companies and housing finance companies owing to higher costs and tighter availability of funds. “The rating revision also factors in the challenges in terms of maintaining the asset quality, given the continued slowdown in the real estate sector …

Delhi-based NBFC DMI Finance plans to raise Rs1,000 crore fund
7 years, 9 months ago

Delhi-based NBFC DMI Finance plans to raise Rs1,000 crore fund

Live Mint  

Mumbai: Delhi-based DMI Finance Pvt. Ltd, a non-banking financial company, is raising a fund of up to Rs1,000 crore to focus on special opportunity situations in the real estate sector as well as the distressed assets space, a senior executive said. We expect an initial close of around Rs300 crore in the next 3-4 weeks and the final close by …

Dewan Housing Finance may sell majority stake in Aadhar Housing Finance
7 years, 11 months ago

Dewan Housing Finance may sell majority stake in Aadhar Housing Finance

Live Mint  

Mumbai: Mortgage lender Dewan Housing Finance Corp. Ltd plans to sell a majority stake in its Aadhar Housing Finance Ltd unit, two people aware of the development said. Aadhar Housing Finance, which provides housing loans for low- and middle-income customers, had a loan book of Rs1,736 crore as of 31 March 2016. With the prospects of the luxury real estate …

Aditya Birla Group gets licence for housing finance foray
10 years, 8 months ago

Aditya Birla Group gets licence for housing finance foray

Firstpost  

The $40 billion-plus diversified conglomerate Aditya Birla Group headed by Kumar Mangalam Birla has taken a major step forward in financial services with the license for its housing finance company coming through from the National Housing Bank. The home finance foray is a major boost for the group which had drawn up big plans for a banking license but did …

LIC Housing Finance May Enter Banking Business
13 years, 4 months ago

LIC Housing Finance May Enter Banking Business

India TV News  

Mumbai, Nov 18: LIC Housing Finance, a subsidiary of Life Insurance Corporation, may rope in an external consultant to advise it regarding its proposed foray into banking business. This will happen after the final guidelines on banking license is out by the Reserve Bank of India,” Director and Chief Executive of LIC Housing Finance, V K Sharma told PTI today. …

Discover Related