Stay updated with breaking news from Housing Segment. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Sundaram Home Finance, a subsidiary of Sundaram Finance, has announced plans to enter the affordable home loan segment. The company will focus on tier 2 and tier 3 towns and sees this segment as a potential source of long-term growth. Sundaram Home Finance currently manages assets worth Rs 11,200 crore and recorded a net profit of Rs 215 crore in the previous financial year.
Steep rise for luxury housing segment owing to NRI engagement, reinvestment of stock market gains
Home First Finance IPO opens on Thursday. Should you subscribe? The IPO price is at nearly 55% premium to Rs 334.7 at which the company undertook a preferential allotment to Orange Clove Investments, an affiliate of Warburg Pincus in October 2020. Synopsis The company’s assets under management (AUM) increased by 63.4% annually between FY18 and FY20 to Rs 3,618.3 crore. Revenue rose by 73.8% to Rs 398.6 crore while net profit surged five-times to Rs 79.2 crore during the period. Home First Finance Company plans to raise Rs 265 crore from fresh equity issue to augment the capital base and a...