Aditya Birla Housing Finance raises Rs 830 cr funding from IFC through NCDs

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Aditya Birla Housing Finance raises Rs 830 cr funding from IFC through NCDs - Business Standard

Quick Summary:

Aditya Birla Housing Finance Limited (ABHFL), a wholly owned subsidiary of Aditya Birla Capital, on Wednesday said it has raised Rs 830 crore in funding through Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC).

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 a particular focus on encouraging homeownership among women, the company said in a statement.

This investment aims to enhance financial inclusion, and uplift underserved communities in the affordable housing and MSME sectors, the company said.