Altum Credo to raise Rs 100 Cr in Series C round

Housing finance company Altum Credo is raising Rs 100 crore (approximately $11.8 million) in its ongoing Series C round from existing investor British International Investment.

This will follow its $40 million Series C round in April last year, which comprised $27 million in primary capital and $13 million in secondary transactions, providing a partial exit to its early investors.

The board at Altum Credo passed a resolution to issue 57,80,347 Series C1 CCPS at an issue price of Rs…