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ESAF Microfinance completes Rs 102-cr securitisation

The company has completed six securitisation transactions of Rs 134 cr during FY13

BS Reporter  |  Chennai/ Kochi 

Kerala-based and Investments Private Limited has announced the conclusion of five transactions totaling Rs 102 crore during March, 2013. With this, the company has completed six transactions of Rs 134 crore during FY 2012-13. Investors from five commercial banks and one large NBFC invested in the pool.

is the process of pooling loans and turning them into marketable securities that can be sold to investors.ESAF's first securitisation transaction happened in August, 2012 amounting to Rs 32 crore. It covered company's loans from Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra and Chhattisgarh.

First Published: Tue, April 30 2013. 20:29 IST