PROJECT

Projects

Summary of Investment Information

Project Number

38976

Company Name

MAHINDRA RURAL HOUSING FINANCE LIMITED

Date SPI Disclosed

May 12, 2017

Country

India

Region

South Asia

Projected Board Date

Sep 30, 2017

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Sep 7, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jun 13, 2017
Signed : Dec 28, 2017
Invested : Aug 1, 2018

Sector

Commercial Banking - Housing Finance

Project Description

The proposed project comprises an investment in non- convertible debentures to be issued by Mahindra Rural Housing Finance Limited (“MRHFL” or the “Company”). The proceeds of the IFC investment will be used to provide finance for affordable housing in rural and semi-urban areas of India.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation