IFC will invest Rs 135 crore Grameen Koota Financial Services

By Accommodation Times News Services International Finance Corporation (IFC), the World Bank’s private-sector lending arm, will invest up to Rs 135 crore in microlender Grameen Koota Financial Services Pvt Ltd via debt. The bank is raising funds to provide more loan borrowers who are in need of loans. IFC said, the investment

IFC to invest $38 million in three Housing Finance Companies in India

By Accommodation Times News Services International Finance Corporation (IFC) has announced to invest $38 million in three housing finance companies in India, which offers affordable home loans, as the World Bank’s private-sector lending arm seeks to expand its presence in a segment that offers loans for low-cost houses. The three home loan

Tata Capital Housing Finance to obtain investment of Rs 390 crore from IFC

By Accommodation Times News Services International Finance Corporation (IFC) is planning to invest around Rs 390 crore in Tata Capital Housing Finance Limited (TCHFL). The investment will involve an IFC subscription of up to the rupee equivalent of about Rs 390 crore to a secured non-convertible debenture issued by the company in one or more

IFC to invest Rs. 160 crores in Tata Value Homes for building affordable homes

By Accommodation Times News Services The International Finance Corporation (IFC), a member of the World Bank Group, will invest Rs. 160 crore alongside Tata Value Homes (TVH), a subsidiary of Tata Housing, to finance affordable housing projects for low-income households across India. The project will help bridge the country’s significant housing

Sundaram HFC to raise Rs.240 crore from IFC for financing affordable housing

By Accommodation Times News Services Sundaram BNP Paribas Home Finance (SHF) is expanding its home loan operations in major states of India like Rajasthan, Madhya Pradesh, Odisha and West Bengal and it is further planning to extent its presence in rural areas and provide finance for affordable housing. To expand its business

IFC to lend PNB $50 million for providing affordable homes

By Accommodation Times News Services Punjab National Housing Finance with $50 million by IFC, a member of the World Bank Group for providing affordable housing to the needed, particularly among women and self-employed people, in India. IFC also helped mobilize a further $50 million to PNB Housing Finance from other investors. Out of

Dewan Housing Finance Co. funds of 85 crores fro IFC for affordable housing

By Accommodation Times News Services Dewan Housing Finance company will be funded by International Financial Corporation (IFC) with Rs. 85 crores to avail finance for affordable housing and energy-efficient housing in India. IFC is a member of World Bank Group and the finance will be provided with the assistance of Government

PNB Finance plans to raise USD 400 million for affordable housing

By Accommodation Times Bureau NEW DELHI To fund affordable homes, PNB Housing Finance plans to raise $400 million via masala bonds. PNB Housing Finance is a subsidiary of Rs 11,400 crore scam-hit Punjab National Bank. According to market sources, World Bank’s arm IFC has agreed to underwrite $150 million from its own funds while

Cube Highways to Sell Minority Stake to Mitsubishi-led Japanese Consortium

By Accommodation Times Bureau Cube Highways has signed definitive agreements for the sale of a minority stake to Japan Highways International (JHI), a Japanese consortium of infrastructure investors led by Mitsubishi Corporation. JHI’s investment reaffirms Cube Highways’ position as a leading owner and operator of highways in India and follows the