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Aditya Birla Housing Finance Ltd. (ABHFL), a wholly owned subsidiary of Aditya Birla Capital said it had secured an investment of ₹830 crore through non-convertible debentures (NCDs) from the International Finance Corporation (IFC).
The funds raised through IFC’s investment will be utilised to address critical gaps by providing housing loans to low-income and middle-income groups (LIG and MIG), with particular focus on encouraging homeownership among women, the company said in a statement.
A portion will also be allocated to supporting MSMEs, especially women-led enterprises, to drive growth and economic progress. This investment aims to enhance financial inclusion, uplift underserved communities in the affordable housing and MSME sector, it said.
Pankaj Gadgil, MD & CEO, Aditya Birla Housing Finance Ltd., said, “This initiative empowers underserved communities, particularly women borrowers, while supporting MSMEs to foster entrepreneurial growth and economic empowerment. By combining IFC’s global expertise with our vision, we aim to make homeownership accessible, drive progress, and build a sustainable financial ecosystem in India.”
Wendy Werner, Country Head, India and Maldives, IFC, said, ”Through our partnership with Aditya Birla Housing Finance, we aim to expand affordable housing finance and enable more women to become business owners.”
Published – January 29, 2025 11:26 pm IST
