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ABHFL has secured an investment of Rs 830 crore from the IFC through Non-Convertible Debentures (NCDs).

Banking & Finance | Dated: 01 Feb 2025

In January 2025, Aditya Birla Housing Finance Limited (ABHFL), a subsidiary of Aditya Birla Capital Limited based in Varavel, Maharashtra, secured an investment of Rs 830 crore from the International Finance Corporation (IFC) through non-convertible debentures (NCDs).

🎯 Key Highlights:

  • - This investment aims to improve financial inclusion and support affordable housing communities.
  • - IFC is a member of the World Bank Group, based in Washington, USA.

💡 Other Important Facts:

  • (i) The funding will be used to provide housing loans to low- and middle-income groups, with a special focus on encouraging women to own homes.
  • (ii) Part of the funds will also support small and medium-sized businesses (MSMEs), especially those led by women, to promote economic growth.

📚 Test Your Knowledge:

Which company recently secured an investment of Rs 830 crore from the IFC through Non-Convertible Debentures (NCDs)?

Correct Answer: Aditya Birla Housing Finance Limited (ABHFL)

🚀 Quick Recap: