Mumbai (Maharashtra) [India], August 8 (ANI/PNN): Star Housing Finance Limited (Star HFL) (Scrip code: BOM: 539017), a rural-focused HFC, has raised USD 2.7 mn capital through preferential allotment. The capital has been subscribed by Arika Securities Pvt Ltd and Colo Securities Pvt Ltd. This capital raise has been completed through the initiative of Kamlesh Shah. Shah is MD of Share India Securities Ltd, a three-decade veteran in the capital market, and president of ANMI (Association of National Exchanges Members of India), a pan India body comprising the trading members across the country of (NSE) (BSE), (MCX) and other exchanges having national presence and he is also on the advisory committee of BSE Limited and India INX. This raise has augmented the net worth past Rs 85 crs strengthening the capital adequacy and rationalizing the leverage levels. It provides Star HFL with an opportunity to increase AUM by further building liability on the balance sheet. This equity infusion is a p