IIFL 亚博体育官网首页 Finance invests Rs 250 mn for 5% stake in RDCL

01 Apr 2024 CW Team

IIFL 亚博体育官网首页 Finance announced on that it would be investing Rs 250 million to acquire a 5 per cent stake in the RMBS Development Company consortium as a founding member.

A group of financiers, which includes ICICI Bank, HDFC Bank, Bajaj Finance, Shriram Housing Finance, Aditya Birla Housing Finance, Hero Housing Finance, and Grihum Housing Finance, had partnered with National Housing Bank and LIC to establish RMBS Development Company (RDCL) with an investment of Rs 5 billion.

According to a statement by IIFL, RDCL aims to rejuvenate the residential mortgage-backed securities (RMBS) market and unleash its potential for funding affordable housing.

Monu Ratra, the chief executive officer of IIFL 亚博体育官网首页 Finance, stated that "The RMBS platform under the aegis of the National Housing Bank (NHB) would offer the much-needed liability diversification and improvement of cost of funds for all mortgage players."

As of December, IIFL 亚博体育官网首页 Finance had assets under management totalling over Rs 320 billion, which had grown at a rate of 38 per cent over the previous eight years.

Infrastructure Urban

22 May 2025

ClickPost Launches Atlas to Benchmark E-commerce Logistics

ClickPost, a leading logistics intelligence platform, has launched Atlas, a subscription-based benchmarking tool designed to transform how e-commerce brands strategise logistics. Powered by ClickPost鈥檚 proprietary network, which processes over 50 million shipments each month, Atlas enables brands to benchmark key operational metrics in real time against industry peers and standards.Unlike traditional dashboards, Atlas delivers comparative insights鈥攆rom fulfilment speeds, RTO rates and average order values to city-level delivery times and sales data鈥攁llowing brands to identify operational..

Real Estate

22 May 2025

Kalyani Launches Two New LivingTree Towers in Bengaluru

Bengaluru-based Kalyani Developers has announced the launch of Towers 3 and 4 at its flagship residential project, Kalyani LivingTree, located in KIADB Aerospace Park. The expansion adds 525 premium 3BHK apartments, ranging from 1300 to 1600 sq ft, and over 7.5 lakh sq ft of built-up area. Prices start from Rs 1.2 crore.These towers, the most exclusive in Phase 1, offer uninterrupted pool and landscape views, and access to over 60 lifestyle amenities, two clubhouses totalling 1 lakh sq ft, and more than 80 per cent open space.LivingTree spans 25 acres and will comprise ten towers of 23鈥�24 fl..

Infrastructure Urban

22 May 2025

Blue Water Logistics IPO opens May 27

Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,0..