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ABHFL Secures Rs 830 Crore Investment from IFC through NCDs

Published on February 01, 2025
Current Context: On January 29, 2025, Aditya Birla Housing Finance Limited (ABHFL) secured Rs 830 crore through Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC).
ABHFL Secures Rs 830 Crore Investment from IFC through NCDs
  • Key Points:
    • Investment Amount: Rs 830 crore.
    • Funding Source: International Finance Corporation (IFC).
    • Purpose: Provide housing loans to low-income and middle-income groups.
    • Focus on Women: Encourage homeownership among women.
    • Support for MSMEs: Aid Micro, Small & Medium Enterprises (MSMEs), particularly women-led enterprises.
    • Objectives: Enhance financial inclusion, uplift underserved communities, and promote gender equality.

Question:

1 On January 29, 2025, Aditya Birla Housing Finance Limited (ABHFL) secured ₹830 crore funding through Non-Convertible Debentures (NCDs) from which organization?

  • A) World Bank
  • B) International Monetary Fund (IMF)
  • C) International Finance Corporation (IFC)
  • D) Asian Development Bank (ADB)
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