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Mumbai (Maharashtra) [India], August 1 (ANI/PNN): Star Housing Finance Limited (Star HFL) (Scrip code: BOM: 539017), a rural-focused HFC, has raised USD 2.7 mn in capital through preferential allotment and has increased its net worth to more than Rs 85 crs. This equity infusion is a part of a series of capital raise in the Company, the last being done in FY'22, subscribed by retail investors, mostly professionals from the BFSI space. This raise has further strengthened the capital adequacy and moderated the leverage levels of the Company. It results in further headroom to increase borrowings and aid in building AUM in line with the Company's growth objectives. Speaking on occasion, Kalpesh Dave, Head - Corporate Planning and Strategy, said, "This capital infusion makes Star HFL ready to get re-rated as the deployment shall be for AUM scale up in rural geographies. In the interim, with this raise, Star HFL has met the minimum net worth quantum and shall await to meet the pe

Kalpesh daveStar housing finance limitedNational housing bankAkme star housing finance companyLending institutionFinancial institutionsNational housingHousing finance limitedPrimary lending institutionPradhan mantri awas yojanaMumbai maharashtra indiaUgust 1 ani pnn star housing finance limited hfl scrip code bom 539017A rural focused hfcAs raised usd 2 7 mn in capital through preferential allotment and has increased its net worth to more than rs 85 crs this equity infusion isa part ofa series of raise the companyHe last being done in fy 39 22Ubscribed by retail investors