Hotline: 1800 102 2007
X
Search Business Opportunities
May, 03 2018

WestBridge-backed Aptus Value Housing To Get more funding from IFC

The investment increase the company’s access of the affordable housing finance segment.

International Finance Corporation plans to invest $15 million (Rs 100 crore) in Chennai-based Aptus Value Housing Finance India Ltd, doubling its exposure to the mortgage lender.

IFC will make the proposed investment through senior secured non-convertible debentures (NCDs) with a tenor of seven years, the World Bank’s private-sector investment arm said in a disclosure.

The investment increases the company’s access to the affordable housing finance segment, IFC said.

The World Bank arm had first invested $15 million via NCDs in Aptus in April 2016. The investment was part of the $38 million that IFC invested in three mortgage lenders.

Aptus has a large branch presence in Tamil Nadu, Telangana, Andhra Pradesh, Karnataka and Pondicherry.

The company was founded by M Anandan, who held a 31.7% stake as of December 17. Its other major shareholders include WestBridge Crossover Fund LLC (41.7%), India Financial Inclusion Fund (10.2%) and GHIOF Mauritius (11.1%), IFC said.

Private equity firm WestBridge Capital had initially put in around Rs 100 crore in Aptus in 2014 while impact investor Caspian’s India Financial Inclusion Fund had put in Rs 30 crore in 2012.

Comment
Related opportunities
  • Bars, Pubs & Lounge
    About Us: A multi-award winning, trendy resto-bar by Rachel Goenka, located..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Preschools
    About: Doodleton is a high - quality, research-based. child-centric early learning progra..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Snacks / Namkeen shops
    About : • Established in the year 1992, National Chikki is..
    Locations looking for expansion Maharashtra
    Establishment year 1992
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Travel Agents
    About Us: Travaha is a leading B2B travel portal that is..
    Locations looking for expansion Karnataka
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities