The fund was raised at a concessional 5.72% rate, which includes the hedging cost, IIFL Home Finance chief executive Monu Ratra told ET. Its average cost of funds is 8.4%. The deal marks the growing confidence shown by overseas investors on India's affordable housing space, which is growing rapidly with government focus.from Banking/Finance-Industry-Economic Times https://ift.tt/YvA0Gyb
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