Piramal Housing Finance to raise Rs.400 crore via commercial paper,a short term money market instrument.

ICRA,rating agency has given ‘A1’ rating to the housing finance’s commercial paper.

As per ICRA,the company is targeting a speedy expansion of  its loan book to approx Rs.15,000 cr by the end of FY20. It started its business in early September and has already booked assets worth Rs.200 cr .

Moreover,company’s key focus will be on housing finance,but it will also provide loans against property and construction finance.

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