Home Credit India Finance, an NBFC, today said it has concluded two-wheeler loan securitisation transaction and raised Rs 41.3 crore.
The issue has been subscribed by DCB Bank and IFMR Capital, Home Credit India Finance said in a statement.
As part of the transaction, the special purpose vehicle issued two tranches of pass through certificates which were subscribed by DCB Bank and IFMR Capital, it said.
Loan securitisation is a process in which the underlying pool of assets are structured or packaged and sold as financial instruments to investor either directly or through a special purpose vehicle.
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