Investment firms TT&A, AP, and their partners move forward with the purchase of ₹100 crore Non-Convertible Debentures (NCDs) from Ashiana Housing.
In a significant development, International Finance Corporation (IFC) has invested INR 100 crore in Ashiana Housing Limited through the private placement of unsecured, rated, redeemable, and non-convertible debentures (NCDs). The NCDs, set to be listed on the BSE Ltd, were subscribed to as part of a fundraising effort by Ashiana Housing [1].
The proceeds from this investment will primarily be utilised by Ashiana Housing towards the acquisition of land and the construction of a housing project in Gurugram [2][3]. This move is likely to support Ashiana Housing's ambitious plans to invest Rs 425 crore in senior living projects for the financial year 2026 [4].
The transaction team at Ashiana Housing was led by various professionals, including Gautam Saha, Dushyant Kumar, Shambhavi Sharma, Siddhartha Tandon, and Vaivaswatha Yagani. On the other hand, TT&A advised IFC on this transaction, with Nikhil Bahl, Daksh Middha, and unspecified associates forming part of the transaction team [5].
AP & Partners provided advisory services to Ashiana Housing on the NCD issuance, but no explicit details were found regarding who advised IFC in this transaction [6].
It's worth noting that the subscription was done through the electronic book building process [7]. However, further details about the advisory parties involved in this transaction might be found in official company press releases, filings with stock exchanges, or by contacting the companies directly.
[1] IFC Invests INR 100 Crore in Ashiana Housing
[2] Ashiana Housing to Utilise Proceeds for Gurugram Housing Project
[3] Ashiana Housing's Plans for Gurugram Housing Project
[4] Ashiana Housing's Senior Living Project Investments for FY26
[5] Transaction Team Composition for IFC-Ashiana Housing NCD Issuance
[6] Advisory Parties for IFC-Ashiana Housing NCD Issuance
[7] Electronic Book Building Process for IFC-Ashiana Housing NCD Issuance
The investment of INR 100 crore by IFC in Ashiana Housing will primarily be used for the acquisition of land and construction of a housing project in Gurugram, contributing to Ashiana Housing's plans to invest Rs 425 crore in senior living projects for the financial year 2026. This financing move is an essential part of Ashiana Housing's ambitious expansion plans.
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