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India's Aditya Birla Housing Finance raises Rs 830 crore Funding from IFC

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ISN Team
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Aditya Birla Housing Finance Limited, a wholly owned subsidiary of Aditya Birla Capital, recently secured Rs 830 crore in funding through Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC). 

Purpose of fundraising

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 a particular focus on encouraging homeownership among women.

A portion will also be allocated to supporting MSMEs, especially women-led enterprises, to drive growth and economic progress. The investment aims to enhance financial inclusion and uplift underserved communities in the affordable housing and MSME sectors.

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Leadership comments

Pankaj Gadgil, MD & CEO of Aditya Birla Housing Finance Limited, said, "This collaboration with IFC marks a key milestone in advancing financial inclusion and equitable growth. At Aditya Birla Housing Finance, we are committed to delivering inclusive home financing solutions that ensure a truly happy home loan journey."

"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," Gadgil added.

Wendy Werner, Country Head, India and Maldives, IFC, said, “A dynamic housing sector and improved financial access for MSMEs, are essential for India's sustainable development. Through our partnership with Aditya Birla Housing Finance, we aim to expand affordable housing finance and enable more women to become businessowners. The private sector is crucial in driving growth of housing and MSME sectors, and our collaboration with leading players focuses on enhancing financing opportunities for women in the wider financial ecosystem - key to fostering long-term progress and advancing economic inclusion.” 

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