PE-VC Fund Investments

Griham Housing Finance attracts Rs.300-Cr from IFC via mortgage-backed securities

Investor Disclosure   Economic Times  

The International Finance Corporation (IFC) has invested INR 300 crore in Residential Mortgage-Backed Securities (RMBS) issued by Pune-based Grihum Housing Finance (formerly, Poonawalla Housing Finance). This marks IFC's first investment in RMBS in India.

In Dec 2022, TPG Capital, via TPG Capital Asia, had acquired Poonawalla Housing Finance Ltd , a subsidiary of Poonawalla Fincorp Ltd, at a pre-money valuation of INR 3,900 crore.

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