Shriram Housing Finance to get Rs 500 cr capital infusion
Real Estate

Shriram Housing Finance to get Rs 500 cr capital infusion

To aid the affordable and mid-segment housing, Shriram City Union Finance (SCUF) has invested Rs 200 crore in its housing finance subsidiary, Shriram Housing Finance Ltd (SHFL).

The board of SCUF also approved an investment of Rs 500 crore in Shriram Housing Finance Ltd over the coming two years. An amount of Rs 200 crore has been invested now.

The current investment of Rs 200 crore will increase the SCUF's holding in SHFL from 77.25% to 81.16%. The funds received will be used to provide growth capital to the fast-growing HFC that will enable it to expand its network and client base.

The network of Shriram Housing Finance was Rs 576 crore on 31 March 2021, which has raised to Rs 776 crore with this investment.

In the currently declared financial result for FY 21, Shriram Housing Finance has announced growth in its AUM of 70%. YoY with the highest quarterly and annually disbursements of Rs 1,005 crore and Rs 2,195 crore respectively. It ended FY 21 with a PAT of 620 million and a strong 32% growth in the year.

The ROA stands at a good 2.5%.

Shriram Housing Finance Ltd is a housing finance company registered with the National Housing Bank (NHB) and promoted by the SCUFL started operations on December 11. It is among the fastest moving, profitable, and affordable housing finance companies with a network of more than 80 branches.

Image Source


Also read: Dubai’s Mark AB Capital to acquire 26% stake of Shriram EPC

Also read: Indiabulls, HDFC join hands to offer home loans at competitive rates

To aid the affordable and mid-segment housing, Shriram City Union Finance (SCUF) has invested Rs 200 crore in its housing finance subsidiary, Shriram Housing Finance Ltd (SHFL). The board of SCUF also approved an investment of Rs 500 crore in Shriram Housing Finance Ltd over the coming two years. An amount of Rs 200 crore has been invested now. The current investment of Rs 200 crore will increase the SCUF's holding in SHFL from 77.25% to 81.16%. The funds received will be used to provide growth capital to the fast-growing HFC that will enable it to expand its network and client base. The network of Shriram Housing Finance was Rs 576 crore on 31 March 2021, which has raised to Rs 776 crore with this investment. In the currently declared financial result for FY 21, Shriram Housing Finance has announced growth in its AUM of 70%. YoY with the highest quarterly and annually disbursements of Rs 1,005 crore and Rs 2,195 crore respectively. It ended FY 21 with a PAT of 620 million and a strong 32% growth in the year. The ROA stands at a good 2.5%. Shriram Housing Finance Ltd is a housing finance company registered with the National Housing Bank (NHB) and promoted by the SCUFL started operations on December 11. It is among the fastest moving, profitable, and affordable housing finance companies with a network of more than 80 branches. Image Source Also read: Dubai’s Mark AB Capital to acquire 26% stake of Shriram EPC Also read: Indiabulls, HDFC join hands to offer home loans at competitive rates

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code