Warburg Pincus to acquire Shriram Housing Finance for Rs 4,630 crore.

Banking & Finance

The board of Shriram Finance Ltd (SFL) on Monday approved the sale of its housing-finance subsidiary Shriram Housing Finance Ltd (SHFL) to Warburg Pincus, a leading global growth investor, for Rs 4,630 crore. 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 company said in a statement. The transaction is subject to regulatory approvals. SFL holds a controlling stake in SHFL while private-equity firm Valiant Partners LP (Valiant), Mauritius, holds the rest. As part of this transaction, Valiant will sell its equity stake to Warburg Pincus.


      SFL is one of India’s leading non-banking financial companies (NBFCs), serving over 8.4 million customers in India, offering commercial-vehicle loans, two-wheeler loans, and micro, small, and medium enterprises (MSME) financing.

     

     

 

     


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