 "Shriram Housing Finance raises Rs 680 cr from various lenders")
Shriram Housing Finance Limited (SHFL), a subsidiary of Shriram City Union Finance (SCUF) has raised Rs 680 crore from various public and private sector banks, along with NHB.
SHFL has also completed its maiden PTC (pass through certification) transaction, rated AAA (SO), with ICICI Bank.
The company received Rs 100 crore each from Indian Bank and United India, Rs 150 crore from Canara Bank in a securitisation deal, Rs 150 crore from Syndicate Bank by way of term loans, Rs 50 crore from ICICI via a PTC and Rs 130 crore from National Housing Bank (NHB) through a re-finance scheme.
Ravi Subramanian, Managing
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