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Shriram Housing Finance

There is no change from organisational perspective: Truhome Finance CEO

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

There is no change from organisational perspective: Truhome Finance CEO
Updated On : 15 Jan 2025 | 11:47 PM IST

CCI approves Rs 4,630 cr deal between Warburg Pincus, Shriram Housing

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

CCI approves Rs 4,630 cr deal between Warburg Pincus, Shriram Housing
Updated On : 20 Aug 2024 | 9:42 PM IST

Warburg Pincus, QIA in talks to derisk Shriram group arm investment

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

Warburg Pincus, QIA in talks to derisk Shriram group arm investment
Updated On : 16 Jun 2024 | 10:30 PM IST
Updated On : 14 May 2024 | 9:43 PM IST

Shriram Finance's HFC sale capital accretive, says S&P Global Ratings

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

Shriram Finance's HFC sale capital accretive, says S&P Global Ratings
Updated On : 14 May 2024 | 6:06 PM IST

Warburg Pincus to acquire Shriram Housing Finance for Rs 4,630 crore

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

Warburg Pincus to acquire Shriram Housing Finance for Rs 4,630 crore
Updated On : 13 May 2024 | 11:38 PM IST

Shriram Finance Q3 results: Marginal rise in net profit to Rs 1,873 crore

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

Shriram Finance Q3 results: Marginal rise in net profit to Rs 1,873 crore
Updated On : 25 Jan 2024 | 8:27 PM IST

We want to be No. 1 in affordable housing by FY26: Ravi Subramanian

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

We want to be No. 1 in affordable housing by FY26: Ravi Subramanian
Updated On : 24 Sep 2023 | 8:19 PM IST

Shriram Financial Ventures to be holding company in Shriram Group recast

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

Shriram Financial Ventures to be holding company in Shriram Group recast
Updated On : 23 Nov 2022 | 5:01 PM IST

For FY23, State Bank of India eyes Rs 10K-cr loan book via co-lending

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

For FY23, State Bank of India eyes Rs 10K-cr loan book via co-lending
Updated On : 29 Mar 2022 | 12:00 AM IST

SBI inks co-lending pact with five HFCs for affordable housing

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

SBI inks co-lending pact with five HFCs for affordable housing
Updated On : 25 Mar 2022 | 12:19 AM IST

Shriram Housing Finance looks to double loan-book to Rs 10,000 cr by FY24

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

Shriram Housing Finance looks to double loan-book to Rs 10,000 cr by FY24
Updated On : 13 Mar 2022 | 6:34 PM IST

Shriram Housing loan-book grows 45% to cross Rs 5,000-cr so far this fiscal

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

Shriram Housing loan-book grows 45% to cross Rs 5,000-cr so far this fiscal
Updated On : 07 Mar 2022 | 6:19 PM IST

Shriram Housing Fin gets Rs 300-crore equity capital from parent firm

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

Shriram Housing Fin gets Rs 300-crore equity capital from parent firm
Updated On : 14 Oct 2021 | 2:49 AM IST

Shriram Housing Finance charts Rs 10,000-cr AUM growth map by FY24

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

Shriram Housing Finance charts Rs 10,000-cr AUM growth map by FY24
Updated On : 23 Jul 2021 | 2:50 PM IST

Shriram Housing Finance to raise Rs 400 crore equity capital in H1FY22

The capital will predominantly come from within Shriram group

Shriram Housing Finance to raise Rs 400 crore equity capital in H1FY22
Updated On : 13 Feb 2021 | 12:27 AM IST

India Ratings takes 3 finance firms off rating watch negative list

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

India Ratings takes 3 finance firms off rating watch negative list
Updated On : 10 Dec 2020 | 12:20 AM IST

Shriram Housing Finance looking at 50-60% hike in loan disbursement in FY21

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

Shriram Housing Finance looking at 50-60% hike in loan disbursement in FY21
Updated On : 18 Oct 2020 | 5:27 PM IST

Shriram Housing Finance raises Rs 680 cr from various lenders

Firm concludes its maiden PTC deal with ICICI Bank

Shriram Housing Finance raises Rs 680 cr from various lenders
Updated On : 12 Nov 2019 | 4:24 PM IST