Motilal Oswal attacks Home Finance
On Wednesday, domestic brokerage Motilal Oswal said that it is undertaking into the home finance space. The initial capital being R100 Crore.
Aspire Home Finance Corporation (AHFC), which is promoted by the Motilal Oswal Group, obtained a certificate of registration from sector regulator National Housing Bank (NHB). This was to start off with operations as it was mentioned in the statement.
AHFC managing director and chief executive officer, Anil Sachidanand said that they are beginning to lend operations with a capital of R100 crore and they plan to reach out to as many families as possible by extending the small loans to them which would cut down on hassles.
Source: The Financial Express
Aspire Home Finance Corporation, Motilal Oswal, Motilal Oswal Group, Motilal Oswal Private Equity Advisors Pvt. Ltd, Motilal Oswal Real Estate, Motilal Oswal Real Estate (MORE), Motilal Oswal Securities, National Housing Bank
