Motilal Oswal Home Finance raises $100-M from ADB
Business Standard Motilal Oswal Home Finance
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.
For FY25, Motilal Oswal Home Finance had reported about INR 630 Cr in Operating Income and about INR 130 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.