British International Investment (BII) has made an equity investment of ?170 crore in Altum Credo Home Finance (Altum Credo), an affordable housing finance company. The new funding will support the company to further expand its operations within its existing geographies in India. It will also help to further strengthen its IT infrastructure, enhancing operational efficiency and controls, customer experience, and digital service delivery. The company focuses on home finance need of first-time homeowners belonging to low-income segments. The company has assets under management (AUM) in excess of ?1,000 crore.
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