India, Jan. 29 -- Aditya Birla Housing Finance Limited (ABHFL), a wholly owned subsidiary of Aditya Birla Capital, on Wednesday said it has raised Rs 830 crore in funding through Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC).
The funds raised through IFC's investment will be utilised to address critical gaps by providing housing loans to low-income and middle-income groups, with a particular focus on encouraging homeownership among women, the company said in a statement.
A portion will also be allocated to supporting MSMEs (micro, small & medium enterprises), especially women-led enterprises, to drive growth and economic progress, it added.
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