Shivalik SFB to Acquire ManiBhavnam Home Finance

21 May 2026 CW Team

Shivalik Small Finance Bank (Shivalik SFB) is in the final stages of acquiring Delhi-based ManiBhavnam Home Finance (ManiBhavnam) in a deal valued at Rs 1.09 bn. The transaction, said to comprise a mix of share swaps and cash consideration, follows regulatory progress with Reserve Bank of India approval secured and the bank awaiting clearance from the Registrar of Companies. The purchase aims to broaden the lender's secured housing finance operations and deepen its affordable housing focus.

The acquisition aligns with Shivalik SFB's strategy to enlarge its presence in the affordable housing finance market and to advance financial inclusion. The move is expected to provide complementary geographic reach across North India and to bolster the bank's secured lending franchise. Industry estimates project around 20 per cent compounded annual growth in the affordable housing finance segment to 2030, making the sector an important area for expansion.

Shivalik SFB benefits from strong institutional backing, including Sumitomo Mitsui Banking Corporation through SMBC Asia Rising Fund, which acquired a four point nine nine per cent stake in August 2025 for about Rs 0.6 bn. Existing investors Accel, Lightspeed, Quona Capital and Sorin Investments joined a financing round that took total fresh capital to Rs 1 bn. The additional funds have been cited as enablers for pursuing inorganic growth and other expansion initiatives.

As of December 2025, Shivalik SFB's total loan book stood at Rs 36.59 bn, with housing loans accounting for Rs 3.7 bn, while ManiBhavnam's loan book is about Rs 3.0 bn, indicating a strategic fit to augment the bank's housing portfolio. The bank continues to emphasise secured lending with roughly 90 per cent of assets backed by collateral such as property, gold and agricultural commodities. The proposed acquisition is expected to help diversify the loan mix, strengthen market presence and capitalise on rising demand for affordable housing finance.

Infrastructure Urban

21 Jul 2026

Indobell Secures Domestic Order For Nodulated Wool

Indobell Insulations Limited (Indobell) has disclosed that it has secured a domestic order from Sundaram Brake Linings Limited (Sundaram Brake Linings) for the supply of nodulated wool valued at Rs 48.74 mn. The company submitted the disclosure to BSE Limited on 17 July 2026 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and related circulars. The filing identified the purchaser as a domestic entity and described the contract as a standard supply agreement to be fulfilled over a specified timeline. The order carries payment terms of 45 days by..

PTC Secures BrahMos Order For Strategic Missile Subsystem

PTC Industries Limited has received a landmark order from BrahMos Aerospace Private Limited for development, integration and supply of a strategic missile sub-system for the BrahMos programme. The order marks the company’s first major assignment in systems-level integration and represents a strategic move further downstream in the aerospace and defence value chain. The award reflects BrahMos Aerospace's confidence in PTC’s engineering depth, manufacturing discipline, quality systems and execution capability. The development opens a new chapter as PTC transitions from supplying critical mat..

Monarch Surveyors Secures Rs 43.6 Million Government Contract

Monarch Surveyors and Engineering Consultants said it has secured a work order worth Rs 43.6 million (mn) from the Office of the District Superintendent of Land Records in Parbhani, Maharashtra. The mandate covers the selection of agencies to provide licensed surveyor services for the district and is subject to necessary approvals from relevant government authorities. The company indicated the work is scheduled to commence immediately and will be completed in accordance with the terms of the contract. The company stated the contract has been awarded by a domestic government entity and will be ..