Sundaram Home Finance to raise Rs 2,000 cr in H2 through debt, bank funding

The company plans to raise it through a mix of debt instruments and bank funding

Sundaram Home Finance, the home finance subsidiary of Sundaram Finance Ltd., is planning to raise around Rs 2,000 crore in the second half of the year through a mix of debt instruments and bank funding.

Lakshminarayanan Duraiswamy, managing director, Sundaram Home Finance said, “After a nervous start to the year, we have been witnessing some green shoots in the last two months in the Housing Sector, especially in Tier two towns in South India. While the sales cycle is taking a bit longer, the home loan enquiries in October have reached the same level as last year.”

Company’s deposits registered