British International Investment (BII) will invest another Rs 70 crore ($8.2 million) in housing finance company Altum Credo. This marks its second infusion in a month, following a Rs 100 crore investment last month, exclusively reported by Entrackr.
According to filings with the Registrar of Companies (RoC), Altum Credo’s board passed a resolution to issue 40,46,243 Series C1 CCPS at Rs 173 per share to British International Investment, raising Rs 70 crore.
British International Investment holds a 9.04% stake before the injection. Now its stake will…

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