How much funding did Roha Housing Finance receive?

Roha Housing Finance received Rs 400 crore from alternative credit investors.

What are Roha Housing Finance's expansion goals?

They aim to grow their assets under management to Rs 5,000 crore.

Who are the investors in Roha Housing Finance's recent funding?

Investors include ICICI Prudential corporate credit opportunities fund, Nippon India credit opportunities fund, and ASK Alternate private credit fund.

Home / Business and Economy / Roha Housing Finance Secures Rs 400 Cr Boost

Roha Housing Finance Secures Rs 400 Cr Boost

22 Jan

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Summary

Roha Housing Finance raised Rs 400 crore from alternative credit investors.
Funds will fuel expansion to Rs 5,000 crore AUM from Rs 1,250 crore.
Investment matures in early 2029, aligning with public market goals.

Roha Housing Finance Secures Rs 400 Cr Boost

Roha Housing Finance has successfully raised Rs 400 crore through a structured private credit transaction with alternative credit investors. This capital will be infused into the company via Compulsorily Convertible Debentures (CCDs) and Compulsorily Convertible Preference Shares (CCPS).

The primary objective of this funding is to significantly scale Roha Housing Finance's assets under management, targeting an increase from the current Rs 1,250 crore to approximately Rs 5,000 crore within the next few years.

The transaction was structured with a low running coupon and a redemption premium, ensuring a balance between investor returns and the company's expansion needs. This investment is slated to mature in early 2029, aligning with Roha Group's long-term strategy to potentially access public markets.