What to watch. M&M Fin arm gets IFC fund infusion

IFC, a member of the World Bank group, is investing ₹160 crore in Mahindra Rural Housing Finance (MRHFL), a subsidiary of Mahindra & Mahindra Financial Services. MRHFL will use the proceeds of the fund injection to extend loans to low-income borrowers in villages. M&M Financial Services holds 87.5 per cent of the equity of MRHFL, with the remaining 12.5 per cent being held by the National Housing Bank. Shareholders of the company will closely monitor execution of the project.