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.

Real Estate

04 Jul 2026

India Office Leasing Hits 43 Million Sq Ft in H1 2026: Cushman & Wakefield

India's office market recorded its strongest first-half leasing performance on record, with gross leasing volume (GLV) reaching approximately 43 million sq ft in H1 2026, a five per cent year-on-year increase, according to Cushman & Wakefield's Q2 2026 Office Market Beat Report.Global Capability Centres (GCCs) remained the key demand driver, leasing 16.5 million sq ft, up around 38 per cent year on year, accounting for 38 per cent of total office demand. Bengaluru led GCC leasing with 5.36 million sq ft, followed by Pune, Delhi-NCR and Mumbai.Flexible workspace operators also posted their ..

Window Magic Opens Luxury Fenestration Experience Centre

Window Magic has launched Window Magic Atelier, a luxury fenestration experience centre in New Delhi, alongside WM AURA, its new ultra-luxury range of aluminium window, door and façade systems developed in collaboration with a European architectural systems specialist.The experience centre has been designed as an interactive space for architects, developers, interior designers and homeowners to explore premium aluminium and uPVC fenestration solutions through curated display zones showcasing the company's latest products and design capabilities.The newly launched WM AURA range features alumin..

Peninsula Land Launches Villa Plot Project in Alibaug

Peninsula Land has launched Peninsula Estates, Alibaug ONE, an 11-acre plotted development offering 92 villa-ready plots in Alibaug, targeting homebuyers seeking low-density living within reach of Mumbai.The project offers plots ranging from 2,454 sq ft to 5,000 sq ft and is positioned around the concept of enabling buyers to build customised bungalows in one of the Mumbai Metropolitan Region's emerging growth corridors.According to the company, infrastructure projects such as the Mumbai Trans Harbour Link (Atal Setu), the upcoming Navi Mumbai International Airport, the Virar–Alibaug Multimo..