TT&A advised ADB in its subscription to unlisted, secured, interest bearing, redeemable non-convertible debentures, for an aggregate amount of up to the INR equivalent of USD 100 million (“NCDs”) issued by Motilal Oswal Home Finance Limited (“Issuer”) in two series on a private placement basis.

The proceeds of the NCDs will be utilized by the Issuer to finance women borrowers in the underserved segments of affordable housing and to finance units in residential buildings that meet one of the recognized green building certifications, with at least 90% of the proceeds applied towards loans to eligible women borrowers which will help in affordable and quality housing in India.

TT&A Team: Ambarish Mohanty – Partner; Amrit Mahal – Managing Associate and Maansi Mehta – Associate