TT&A advised Asian Development Bank in subscription of unlisted, secured, rated, redeemable, transferable and interest bearing non-convertible debentures issued by Aadhar Housing Finance Limited (“Issuer”) in an amount not exceeding USD 60 million in two tranches (“Debentures”) on a private placement basis.

The proceeds of the Debentures will be utilized by the Issuer for onward lending to individual borrowers (where women are either primary borrowers or co-borrowers from the economically weaker sections or low-income group), towards individual low-income housing loans.

TT&A Team:  Gautam Saha – Joint Managing Partner; Pallavi Meena and Pragya Sood – Partners; Siddharth Tandon – Managing Associate and Radhika Sarda – Associate