PROJECT

Projects

Summary of Investment Information

Project Number

40542

Company Name

L AND T HOUSING FINANCE LIMITED

Date SPI Disclosed

Feb 16, 2018

Country

India

Region

South Asia

Projected Board Date

Mar 28, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

May 30, 2024

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Mar 26, 2018
Signed : Mar 29, 2018
Invested : Aug 29, 2018

Sector

Primary Mortgage Institutions

Project Description

The proposed project consists of senior financing to L&T Housing Finance Limited (L&TH or the Company). The proceeds will be used to finance developers of affordable housing as per the criteria specified in the Pradhan Mantri Awas Yojna, scheme of the Government of India that aims for “Housing for All” by 2022.

 

L&TH is a Housing Finance Company registered under the National Housing Bank. The Company serves the housing and real estate finance segments. As of Sep/17, the Company held US$1.6 billion in assets. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation