Shriram Finance (SFL) has received approval for the sale of its housing finance subsidiary Shriram Housing Finance (SHFL) to Warburg Pincus, a leading global growth investor. Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers. The proposed transaction is valued at Rs 4,630 crore for equity and convertible instruments of SHFL. The transaction is subject to regulatory approvals. SFL holds a controlling stake in SHFL while private equity firm Valiant Partners L.P. (Valiant), Mauritius, holds the remaining ownership. As a part of this transaction, Valiant will also completely divest its equity stake to Warburg Pincus.
This transaction marks a significant strategic milestone in the journey of Shriram Housing Finance underscoring the exceptional value it has created. Following the conclusion of this transaction, Shriram Housing Finance will operate as a standalone entity, continuing to enhance value for its stakeholders as it preserves its heritage and mission to provide housing finance solutions to the under-served population of the country. The Board of Directors of the Company in their Meeting held on May 13, 2024, has approved the same.
Shriram Finance (Formerly Shriram Transport Finance Company) is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.
Company Name | CMP |
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Bajaj Finance | 6895.45 |
Shriram Finance | 2915.75 |
Aditya Birla Capital | 186.60 |
SBI Cards AndPayment | 692.90 |
Mah & Mah Finl. Serv | 267.75 |
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