Aptus Value Housing Finance records strong Q3 growth

Aptus Value Housing Finance Records 20% Profit Growth in Q2 FY24

Aptus Value Housing Finance, a leading housing finance company in India, has announced a significant growth in its net profit for the second quarter of fiscal year 2024 (FY24). The company's net profit has increased by 20% during this period, highlighting its strong performance and resilience in the housing finance sector.

With an emphasis on offering affordable housing finance solutions to middle and low-income individuals, Aptus Value Housing Finance has attracted a large customer base across the country. The company's commitment to providing transparent and accessible financial produ..

Aptus Value Housing files DHRP with SEBI for Rs 3,000 cr IPO

Home loan company Aptus Value Housing Finance Ltd has filed a draft red herring prospectus (DHRP) with the Securities and Exchange Board of India (SEBI) to raise around Rs 2,600-3,000 crore via an initial public offering (IPO).

The fundraising comprises a fresh issue of equity shares totalling Rs 500 crore and an offer for sale of up to 64,590,695 equity shares by the promoter and other shareholders.

As of December 31, 2020, Aptus' assets under management (AUM) stood at Rs 3,790.9..

Shriram Finance Sells Housing Finance Business

Shriram Finance has finalised the sale of its entire 85% stake in the housing finance business to Warburg Pincus for a whopping Rs 46.30 billion. This move marks Shriram Finance's exit from the housing finance sector, signalling a strategic shift in its business focus. The deal, valued at over Rs 54 billion including a stake sale and fresh equity infusion, positions Warburg Pincus as a significant player in the Indian housing finance market.

Shriram Finance's decision to divest its housing finance arm aligns with its broader corporate strategy, aimed at optimising its portfolio and conc..