Affordable home loans player Roha raises Rs.400-Cr private credit

Noida-based Roha Housing Finance , the housing arm of the Roha Group, has raised INR 400 crore through a structured private credit transaction from alternative credit investors, including ICICI Prudential Corporate Credit Opportunities Fund, Nippon India Credit Opportunities Fund, and ASK Alternate Private Credit Fund. Founded in 2017, Roha focuses on the affordable housing segment.The funds, structured as Compulsorily Convertible Debentures (CCDs) and Compulsorily Convertible Preference Shares (CCPS), will be infused into Roha Housing Finance and are intended to increase the company's assets under management (AUM) from INR 1,250 crore to about INR 5,000 crore.