PROJECT

Projects

Summary of Proposed Investment

Project Number

29358

Company Name

AADHAR HOUSING FINANCE LIMITED

Date SPI Disclosed

Feb 9, 2010

Country

India

Industry

Financial Markets

Projected Board Date

Mar 19, 2010

Status

Completed

Sector

Primary Mortgage Institutions

Department

Global Industry, Financial Markets

Environmental Category

C - No Impact

Previous Events

Approved : Apr 13, 2010
Signed : Jun 18, 2010
Invested : Sep 30, 2010

Project Description

The Project involves setting up a new housing finance company (“NewCo”) dedicated to providing housing finance to low and low-middle income households in the Low Income States (“LIS”) in India. The NewCo is being set up as a subsidiary of Dewan Housing Finance Corporation Ltd (“DHFL”), one of the established housing finance companies in India, in partnership with IFC and other private investors.

Sponsor / Cost / Location

Development Impact