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Home First Finance Company raises Rs 280 crore from IFC

23 Dec 2022 Evaluate

Home First Finance Company India has raised Rs 280 crore through the allotment of 2800 secured, rated, unlisted, redeemable, rupee denominated non-convertible debentures (NCDs) of face value of Rs 10,00,000 each on Private Placement basis to International Finance Corporation (IFC). The Committee of Directors on December 23, 2022 has allotted the same.

The proceeds will be utilized to provide financing for retail buyers of affordable housing and green affordable housing units, encouraging home ownership for low-income segments, and supporting the development of green affordable housing. Under the arrangement, IFC will also provide non-financial support in terms of knowledge, innovation and capacity building through the advisory engagement and non-commercial risk mitigation through IFC Advisory services. IFC will support Home First in developing its green housing framework, including technical support for green housing evaluation parameters, operationalizing certification process and capacity building on green housing certification, monitoring and reporting.

Home First Finance Company India is a Housing Finance Company which offers home loan with 48 hours sanctions and hassle-free process.

Home First Finance Share Price

1181.85 -18.15 (-1.51%)
11-May-2026 09:27 View Price Chart
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