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Shriram City Union Finance invests ₹200 cr in housing finance arm


Shriram City Union Finance invests ₹200 cr in housing finance arm
May 15, 2021
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The funds will help expand the distribution network and customer base of the housing finance company
The board of Shriram City Union Finance (SCUF) has approved an investment of up to ₹500 crore in Shriram Housing Finance Ltd (SHFL) over the next two years. Of this, ₹200 crore has been invested.
The current infusion of ₹200 crore will increase SCUF’s holding in SHFL to 81.16 per cent from the existing 77.25 per cent, SHFL said in a statement. With this investment, he networth of SHFL goes up to ₹776 crore.
The funds will provide growth capital to the housing finance company (HFC) and enable it to expand its distribution network and customer base, the statement added. ....

Ravi Subramanian , Shriram City Union Finance , Shriram Housing Finance Ltd , Shriram Housing Finance , Managing Director , ரவி சுப்ரமணியன் , ஸ்ரீராம் நகரம் தொழிற்சங்கம் நிதி , ஸ்ரீராம் வீட்டுவசதி நிதி லிமிடெட் , ஸ்ரீராம் வீட்டுவசதி நிதி , நிர்வகித்தல் இயக்குனர் ,

India: Shriram City Union Finance infuses $26.6m in housing finance subsidiary


India: Shriram City Union Finance infuses $26.6m in housing finance subsidiary
Jaipur, India. Photo by Annie Spratt on Unsplash
May 14, 2021
Shriram City Union Finance (SCUF) has invested ₹200 crore in its housing finance subsidiary, Shriram Housing Finance Ltd (SHFL).
The board of SCUF has also approved an investment of up to ₹500 crore into SHFL over the next two years, of which ₹200 crore has been invested now. The current infusion of ₹200 crore will increase SCUF’s holding in SHFL to 81.16% from existing 77.25%.
The company said the funds will be used to provide growth capital to the fast-growing housing financial company and enable it to expand its distribution network and customer base. The net worth of SHFL which was at ₹576 crore as of 31 March 2021, goes up to ₹776 crore with this investment. ....

Ravi Subramanian , Shriram City Union Finance , National Housing Bank , Shriram Housing Finance Ltd , Shriram Housing , ரவி சுப்ரமணியன் , ஸ்ரீராம் நகரம் தொழிற்சங்கம் நிதி , தேசிய வீட்டுவசதி வங்கி , ஸ்ரீராம் வீட்டுவசதி நிதி லிமிடெட் , ஸ்ரீராம் வீட்டுவசதி ,

Welcome To IANS Live - BUSINESS - Shriram Housing Finance to get Rs 500 cr capital infusion from parent


Photo Credit: IANS
IANSLive
New Delhi, May 14 (IANS) In a reaffirmation of its belief in the affordable and mid segment housing, Shriram City Union Finance has invested Rs 200 crore in its housing finance subsidiary, Shriram Housing Finance Ltd (SHFL).
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Update: 14-May-2021 ....

New Delhi , News Service , India Private , Shriram City Union , Shriram Housing Finance Ltd , Shriram Housing Finance , Shriram City Union Finance , All Rights , Shri Ram , புதியது டெல்ஹி , செய்தி சேவை , இந்தியா ப்ரைவேட் , ஸ்ரீராம் நகரம் தொழிற்சங்கம் , ஸ்ரீராம் வீட்டுவசதி நிதி லிமிடெட் , ஸ்ரீராம் வீட்டுவசதி நிதி , ஸ்ரீராம் நகரம் தொழிற்சங்கம் நிதி , அனைத்தும் உரிமைகள் , திரு ரேம் , வளர்ந்து வரும் ,