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Shriram Fin concludes sale of housing loan arm
The New Indian Express Tiruchy
|December 12, 2024
SHRIRAM Finance, the flagship company of the Shriram group, on Wednesday announced the completion of the sale of its entire stake (84.44% of the shareholding on a fully diluted basis) in its housing finance subsidiary Shriram Housing Finance Limited (SHFL/Shriram Housing Finance) to Warburg Pincus, a global growth investor firm for a sale consideration of ₹3,929 crore.
The sale of Shriram Finance's stake in Shriram Housing Finance is done to Warburg Pincus' affiliate - Mango Crest Investment Limited. The transaction marks a significant milestone, with all requisite approvals from regulatory authorities and
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