1 month ago
Shiksha Finance Secures INR 43M via PTC Deal
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.
Shiksha Finance raised INR 43.4 million through a PTC deal with DMI Housing Finance.
The transaction involved 148 loan contracts backed by mortgage-backed loan receivables.
DMI Housing Finance is an NHB-registered housing finance company focused on affordable housing.
Shiksha Finance has cumulatively raised over INR 200 million through securitisation.
Shiksha provides micro-loan against property (micro-LAP) to underbanked entrepreneurs and informal workers.
- Who
- Shiksha Finance and DMI Housing Finance
- What
- Securitisation transaction involving PTCs
- Where
- Chennai, Tamil Nadu, India
- When
- July 23
- Why
- To raise debt funds and expand investment portfolio
Shiksha Finance
DMI Housing Finance
Transaction Significance
Shiksha Finance
Shiksha Finance sees PTCs and direct assignments as significant avenues for debt fundraise and treasury management.
DMI Housing Finance
DMI Housing Finance expands its investment portfolio by participating in Shiksha's securitisation transaction.
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,"”
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