Motilal Oswal Home Finance raises USD 100 million from Asian Development Bank

Motilal Oswal Home Finance (MOHFL) has entered into an agreement to raise USD 100 million in INR-equivalent from the Asian Development Bank (ADB) in the form of debt through Non-Convertible Debenture (NCD). The financing represents an important milestone for MOHFL and reflects strong confidence from a leading global development finance institution in the Company's business model, governance framework, and long-term growth prospects.

The proceeds from the ADB financing will be used to provide affordable housing loans to women borrowers, and 10% of the proceeds will be deployed to finance the construction of residential units that meet recognised green building certification standards, supporting the adoption of environmentally sustainable construction practices.

 

Powered by Capital Market - Live News