British International Investment(BII) Increases Stake in Altum Credo with Additional Rs 70 Crore Infusion

BII is investing Rs 70 crore ($8.2M) in Altum Credo to expand affordable housing finance. Altum Credo will issue 40 lakh+ Series C1 shares at Rs 173, raising BII’s stake from 9.04% to 12.55%. Aavishkaar Capital remains the largest shareholder at 14.27%. The funding supports expansion into new geographies, following last year’s $40M round led by Z3Partners and Oikocredit. Altum Credo’s total funding now stands at $80M.