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Ashiana Housing enters into investment agreement with IFC

30 Mar 2018 Evaluate

Ashiana Housing (AHL) and International Finance Corporation (IFC), a part of World Bank Group, have entered into an agreement to co-invest in upcoming affordable and middle income residential projects including in senior living projects.

The agreement envisages a total investment of Rs 150 crore on a project to project basis by IFC, representing 40% of the capital required by a project. The remaining 60% of the capital required, i.e. Rs 225 crore, will be contributed by AHL.

The investment of IFC will primarily be in the form of non-convertible debentures for identified projects with returns linked to project specific returns.

Ashiana Housing is a real estate development company. It is engaged in building residential and commercial projects. The firm also offers retirement resorts, group housing, hotels, retail and facility management.


Ashiana Housing Share Price

332.00 -4.35 (-1.29%)
20-Apr-2026 16:59 View Price Chart
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