Vivriti Capital securitises Rs 236 cr worth two-wheeler loans with Muthoot Capital

Vivriti Capital, which runs a technology-enabled marketplace for institutional and enterprise debt, has concluded a two-wheeler loan securitisation deal worth Rs 236 crore with the Muthoot Pappachan Group promoted non-banking finance corporation Muthoot Capital.

In a note shared by the company, Vivriti Capital said that the deal, arranged and structured by them is one of the largest securitisation deals in the two-wheeler finance space.

HDFC Mutual Fund, the largest mutual funds investment company in India -subscribed to the entire issuance. The loan pool created as part of this securitisation deal has received a AA rating from CRISIL, said the company.

“Muthoot Capital has emerged as one of the leading players in the consumer finance segment and we are especially optimistic about this segment which will see a significant flow of deals in the coming years through our platform,” said Gaurav Kumar, founder, Vivriti Capital.