Motilal Oswal Home Finance raises $100-M from ADB

Mumbai-based Motilal Oswal Home Finance (MOHFL) raised USD 100 million in debt from the Asian Development Bank (ADB). This funding was structured in rupee-equivalent terms through non-convertible debentures (NCDs).MOHFL operates as the housing finance arm of Motilal Oswal Financial Services, concentrating its efforts on first-time homebuyers within low- and middle-income segments, particularly across Tier-II, Tier-III, and emerging urban markets.The company plans to use the proceeds to expand its lending to women borrowers in the affordable housing sector and to support residential projects that hold green-certified status.