1 month ago

Shiksha Finance Secures INR 43M via PTC Deal

Shiksha Finance Secures INR 43M via PTC Deal
Shiksha Finance Raises INR 43 Million Through PTC Deal with DMI Housing Finance · theprint.in

Shiksha Finance, a company that gives loans to small businesses and workers, recently completed a deal with DMI Housing Finance.

They raised INR 43.4 million through a special financial tool called pass-through certificates (PTCs).

This money comes from loans that Shiksha gave to people who need financial help.

DMI Housing Finance bought these PTCs, which are backed by a pool of 148 loan contracts.

This is Shiksha's third such deal, and they have now raised over INR 200 million this way.

Shiksha uses these funds to help small business owners and workers by giving them loans against their property.

This helps these people grow their businesses and improve their financial situation.

Key facts

Transaction Amount
INR 43.4 million
Investor
DMI Housing Finance
PTC Rating
ICRA A- (SO)
Loan Contracts
148
Shiksha's Total Raised
Over INR 200 million
Shiksha's Portfolio
INR 742.1 million
Shiksha's Branches
19
Shiksha's Funded Entrepreneurs
Nearly 2500

Quotes

V L Ramakrishnan

CEO of Shiksha Finance

“"The transaction with DMI Housing Finance is an important one for us at Shiksha, as this adds a new investor and a new class of investors to our list of supporters and stakeholders,"”
theprint.in

Sources

Related news