PROJECT

Projects

Summary of Investment Information

Project Number

46494

Company Name

TATA CAPITAL HOUSING FINANCE LIMITED

Date SPI Disclosed

May 11, 2022

Country

India

Region

South Asia

Projected Board Date

Jun 15, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Dec 29, 2022

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jun 15, 2022
Signed : Dec 16, 2022
Invested : Dec 27, 2022

Sector

Primary Mortgage Institutions

Project Description

The proposed investment comprises upto INR11,250 million (US$150 million equivalent) investment in Tata Capital Housing Finance Limited (TCHFL or the Company) through subscription of secured nonconvertible debentures (NCDs) to be issued by the Company. TCHFL, a wholly owned subsidiary of Tata Capital Limited (TCL), is a housing finance company (HFC) with focus on mortgage and residential housing construction finance and has an asset under management (AUM) of US$3.6 billion as of 31st December 2021. The proceeds of the IFC investment will be used to expand the Company’s home loan portfolio including loans for affordable homes and green homes.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation