Motilal Oswal Home Finance Raises $100 Million From Asian Development Bank

Motilal Oswal Home Finance Limited, a subsidiary of Motilal Oswal Financial Services Limited, has entered into an agreement with the Asian Development Bank to raise $100 million, the company informed in a regulatory filing submitted to stock exchanges.
The financing will be raised in Indian rupee equivalents through the issuance of non-convertible debentures carrying a five-year tenor with a three-year grace period. The proceeds are earmarked to finance affordable housing loans for women borrowers. 

The agreement further mandates that 10% of the funds be deployed to finance the construction of residential units that meet recognised green building certification standards, such as GRIHA, to support environmentally sustainable practices.