Motilal Oswal Home Finance Ltd signs $100 Million debt finance deal with ADB to Expand Women-Centric Affordable and Green Housing

Motilal Oswal Home Finance Limited ("MOHFL"/ "the Company") has entered into an agreement to raise USD 100 million in INR-equivalent from the Asian Development Bank ("ADB") in the form of debt through Non-Convertible Debenture ("NCD"). The financing represents an important milestone for MOHFL and reflects strong confidence from a leading global development finance institution in the Company's business model, governance framework, and long-term growth prospects.

The proceeds from the ADB financing will be used to provide affordable housing loans to women borrowers, and 10% of the proceeds will be deployed to finance the construction of residential units that meet recognised green building certification standards, supporting the adoption of environmentally sustainable construction practices.

Mr. Sukesh Bhowal, MD & CEO, Motilal Oswal Home Finance Limited, said, "Funding from ADB marks a significant milestone in our responsible growth journey. With the partnership of ADB, we will be able to deepen the penetration of affordable housing finance in underserved and upcoming towns across India, helping low and middle-income families realise their dream of homeownership. Importantly, this funding also supports the green construction finance initiative. We believe green housing will play a vital role in building resilient communities for the future."

Mr. Bhavin Shah, CFO, Motilal Oswal Home Finance Limited, added, "The financing from ADB significantly enhances the strength and diversity of our funding base. Access to long-tenor capital at competitive terms improves our overall cost of funds and supports better assetliability matching, which is critical in the housing finance business."

"ADB's long-term financing will help MOHFL broaden access to affordable housing loans for women-who currently account for just 13% of homeowners-and support the Company's entry into the green-certified housing segment. By lowering barriers to formal financial services, this partnership strengthens inclusive access to credit while accelerating the adoption of environmentally sustainable housing solutions," said Isabel Chatterton, Director General, Private Sector Operations Department, Asian Development Bank.

Shares of Motilal Oswal Financial Services Limited was last trading in BSE at Rs. 716.80 as compared to the previous close of Rs. 725.15. The total number of shares traded during the day was 93068 in over 4922 trades.

The stock hit an intraday high of Rs. 724.45 and intraday low of 672.80. The net turnover during the day was Rs. 66429067.00.

Source : Equity Bulls

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