IIFL Home Finance looks to raise Rs 5,000 cr via direct assignment

Firm to scale up funding to developers, especially those complying with green finance norms

IIFL Home Finance plans to raise between Rs 4,000-5,000 crore through direct assignment (a form of securitisation) of housing loans and scale up funding to developers, especially those complying with green finance norms.

HFC, which raised Rs 2,200 crore in equity funding from Abu Dhabi Investment Authority (ADIA) early this month, will consider listing the shares on exchanges in the medium term to provide an exit.
 

Monu Ratra, chief executive and managing director, IIFL Home Finance, said once the fresh equity is infused, the firm's capital adequacy is expected to be about 40 per cent. This, plus retained earnings each