Shriram Housing Finance

As and when the RBI comes out with a roadmap, we will relook at the way we do business and make the necessary changes, Umesh Revankar, Executive Vice-Chairman, Shriram Finance said

Says he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating

The Competition Commission of India (CCI) on Tuesday approved the proposed Rs 4,630-crore deal, wherein private equity major Warburg Pincus will acquire Shriram Finance's arm Shriram Housing Finance. "The proposed combination envisages inter alia the acquisition of shareholding in Shriram Housing Finance Ltd by Mango Crest Investment Ltd," CCI said in a release. Mango Crest Investment Ltd undertakes investment holding activities. It is an affiliate of US-based Warburg Pincus. Shriram Housing Finance Ltd is a housing finance company registered with the National Housing Bank. In May this year, financial services firm Shriram Finance announced the sale of its housing finance arm to private equity major Warburg Pincus for Rs 4,630 crore to focus on the vehicle finance and small business lending. Under the deal, SHF will be acquired by Warburg Pincus through its affiliate Mango Crest Investment Ltd from all the sellers. The proposed transaction is valued at Rs 4,630 crore for equity a

Shriram Finance Limited (SFL) decided to sell its housing finance business to focus more on its core operations and secure growth capital

Warburg to invest Rs 1,000 crore in SHFL

Help to maintain 20 per cent year-on-year credit growth

Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers

During the period under review, the company's total income reached Rs 9,305.75 crore, marking a 19 per cent increase from Rs 7,798.31 crore in the October-December period of FY23

RAVI SUBRAMANIAN, managing director and chief executive officer, feels that the sector is in a sweet spot, and capital will not be a constraint for the better-run players

SCL, the existing holding company of the Group, and Shriram City Union Finance will merge shortly with Shriram Transport Finance

The bank is roping in an IT vendor for building a digital interface platform for co-lending to manage risks, accounting, reconciliation, minimise physical interface and reduce defaults

SBI expects to grow home loan book to Rs 7 trn by 2024

Shriram Housing Finance has set a target of doubling its loan-book to Rs 10,000 crore and become third largest player by FY2024 on the back of a 45 per cent growth this fiscal at around Rs 5,300 crore

Affordable housing player Shriram Housing Finance has said its AUM or live loan grew 45 per cent so far this fiscal to cross the Rs 5,000-crore-mark

The capital will also be utilised to fund the expansion plans in the targeted regions

Shriram Housing Finance has drawn up an aggressive growth trajectory for the next two years with a plan to close the loan book at around Rs 5,600 crore this fiscal, and end FY24 at Rs 10,000-cr mark

The capital will predominantly come from within Shriram group

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MMFSL maintained sufficient liquidity buffers to make timely debt repayments, even when collections declined

Mortgage lender Shriram Housing Finance is looking at around 50-60 per cent increase in loan disbursement to Rs 1,800 crore in the current financial year, a top company official said. The company, promoted by Shriram City Union Finance, had disbursed Rs 1,127 crore in the fiscal ended March 31, 2020. In the first quarter, we didn't do much business. Despite that, in FY21, we will do about 50-60 per cent more business than what we did in FY20. We will end this year with a disbursement of Rs 1,800 crore, the company's managing director and CEO Ravi Subramanian told PTI. In the first quarter of the current fiscal, the housing financier disbursed Rs 77.4 crore, a decline of 68.1 per cent year-on-year, owing to the nationwide lockdown imposed to contain the spread of the coronavirus. In the second quarter of FY21, it disbursed around Rs 520 crore, which was 20-25 per cent more than what it disburses in every quarter, he said. The biggest tumbling block was COVID-19 in Q1, but we have c