PROJECT

Projects

Summary of Investment Information

Project Number

49784

Company Name

Aditya Birla Housing Finance Limited

Date SPI Disclosed

Jan 16, 2025

Country

India

Region

South Asia

Projected Board Date

Dec 2, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 16, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Dec 2, 2024
Signed : Dec 20, 2024
Invested : Dec 26, 2024

Sector

Primary Mortgage Institutions

Additional Project Attributes

Blended Finance

Project Description

The proposed investment envisages an Indian Rupee (INR) denominated debt of up to INR 8.3 billion (approximately US$100 million equivalent) to Aditya Birla Housing Finance Limited (ABHFL, or the Company) through senior, secured, rated, redeemable, unlisted non-convertible debentures (NCDs) for a tenor of up to five years (the Project). The Project will support the housing needs of low-income and middle-income group segments, support micro, small and medium enterprises (MSME) finance and promote affordable housing and MSME finance for women, which is still underdeveloped in India.                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation