IFC Investment is above board with Ashiana Housing, purchasing ₹100 crore in Non-Convertible Debenture Securities, backed by TT&A, AP & Partners.
The International Finance Corporation (IFC) has invested INR 100 crore in Ashiana Housing Limited by subscribing to Rated, Unsecured, Redeemable Non-Convertible Debentures (NCDs). This investment was made through a private placement, with the proceeds set to be used primarily for the acquisition of land and construction of a housing project in Gurugram [2][4].
The transaction team at TT&A advised IFC on this investment, with Siddhartha Tandon, Dushyant Kumar, Gautam Saha, Nikhil Bahl, Daksh Middha, and Vaivaswatha Yagani being part of the team. On the other hand, AP & Partners advised Ashiana Housing on the NCD issuance [2][4].
Shambhavi Sharma was also a member of the transaction team. However, the search results do not provide explicit information on which law firm advised Ashiana Housing Limited in this particular debenture issuance [2][4].
The subscription was done through the electronic book building process, indicating a competitive bidding environment for the NCDs [2][4]. The investment by IFC is expected to support Ashiana Housing's business expansion and financial needs, contributing to the growth and operations of the company.
[2]: [Link to source 2] [4]: [Link to source 4]
- The investment made by the International Finance Corporation (IFC) in Ashiana Housing Limited falls under the realm of finance, as it involves an investment of INR 100 crore in the form of Rated, Unsecured, Redeemable Non-Convertible Debentures (NCDs).
- The growth and operations of Ashiana Housing are expected to be boosted by the investment from IFC, thereby supporting the company's financial needs, which is a key aspect of financial management.
