Aspire Home secures Rs. 200cr infusion

    Aspire Home Finance
    In an attempt to ensure smooth flow of funds in the housing sector, Motilal Oswal Financial Services' has decided to infuse Rs 200-cr into Aspire Home Finance Corp (AHFCL) in the current financial year on expectation of strong growth in the housing finance business. AHFCL is a subsidiary of Motilal Oswal Securities, which is a part of Motilal Oswal Financial Services. MOFSL commands cash worth Rs 286.7-cr on books as of March 31. In fact, the company expects that the housing finance business will continue doing well and that the company has infused Rs 300-cr in Aspire. Oswal is positive on the company's housing finance business as it is showing traction in disbursements and reach. In the quarter ended March, the company's housing finance related income stood at Rs 89.9cr, up 470% and loan book was at Rs 2,100cr.
    CURRENTLY ONLINE
    We have 675 guests and no members online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week