May 14, 2024, 11:09 AM
May 13, 2024, 2:57 PM

The housing finance arm of Shriram Finance will be sold to Warburg Pincus

Free Press Journal
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Shriram Finance Shares Climb Over 5% On Warburg Pincus Deal

SHF has grown at a compounded annual rate of over 50 per cent and the Shriram group wishes to focus on its mainstay of small business. The stock advanced 5.13 per cent to Rs 2,419 on the BSE. At the NSE, it climbed 5 per cent to Rs 2,417.85 apiece. Shriram Finance has made an internal rate of return of 22 per cent on the capital deployed in SHF.

Free Press Journal
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Source
Shriram Finance To Sell Its Housing Finance Arm To Warburg Pincus For ₹4,630 Cr

Financial services firm Shriram Finance on Monday said it has approved the sale of its housing finance subsidiary to the US-based private equity firm Warburg Pincus for a consideration of Rs 4,630 crore. Shriram Housing Finance Limited (SHFL) would be acquired by Warburg Pincus through its affiliate Mango Crest Investment Ltd from all the sellers.

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