Key Points
Mumbai/Kolkata: Warburg Pincus is closing in on Shriram Housing Finance Ltd (SHFL), having emerged as the frontrunner to acquire the unit of Chennai-based non-banking finance company (NBFC) Shriram Finance, said people in the know..
It's the perfect time for Shriram Finance to sell the stake as the mortgage lender has grown significantly over the past couple of years, deriving good valuation, an industry veteran said.. Shriram Housing offers an opportunity to benefit from the sharp growth expected in India's affordable housing space, which has gained significant momentum following the post-Covid shift in favour of home ownership, according to industry executives..
Blackstone-owned affordable housing company Aadhar HFC recently refiled its draft papers with the Securities and Exchange Board of India (Sebi) to raise around Rs 5,000 crore through an initial public offer (IPO)...
Warburg also holds a minority stake in Home First Finance, a public company, but has been reducing its exposure of late via open market trades...
Under the revamped model, while housing finance will remain a key focus area, SHFL has also been offering products such as loans against property and relatively a small portion towards construction finance for diversifying its portfolio, it had said...
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