Private Equity PE-VC Fund Investments
Griham Housing Finance attracts Rs.300-Cr from IFC via mortgage-backed securities
Source Economic Times (opens in a new tab)Investor Disclosure (opens in a new tab)
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.