The International Finance Corporation plans to invest $15 million amounting to Rs 100 crore in Aptus Value Housing Finance thereby doubling its exposure to the mortgage lender. The investment is aimed at helping the company increase its reach in the affordable housing finance segment. The World Bank arm had first invested $15 million via NCDs in Aptus in 2016 when the investment was part of the $38 million that IFC invested in three mortgage lenders. Chennai-based Aptus has a large branch presence in Tamil Nadu, Telangana, Andhra Pradesh, Karnataka and Pondicherry. The company will use the capital to expand its business as it aims to increase its loan book to Rs 5,000 crore over the next three years from about Rs 1,250 crore currently. Aptus offers loans in the range of Rs 5-25 lakh to self-employed people for buying affordable housing units and claimed to have developed a unique cash flow and standard of living for each customer even in the absence of conventional income documents.
📅Published on:
11 May 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
