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India: Shriram City Union Finance infuses $26.6m in housing finance subsidiary Jaipur, India. Photo by Annie Spratt on Unsplash May 14, 2021 Shriram City Union Finance (SCUF) has invested ₹200 crore in its housing finance subsidiary, Shriram Housing Finance Ltd (SHFL). The board of SCUF has also approved an investment of up to ₹500 crore into SHFL over the next two years, of which ₹200 crore has been invested now. The current infusion of ₹200 crore will increase SCUF’s holding in SHFL to 81.16% from existing 77.25%. The company said the funds will be used to provide growth capital to the fast-growing housing financial company and enable it to expand its distribution network and customer base. The net worth of SHFL which was at ₹576 crore as of 31 March 2021, goes up to ₹776 crore with this investment.

Ravi subramanianShriram city union financeNational housing bankShriram housing finance ltdShriram housingரவி சுப்ரமணியன்ஸ்ரீராம் நகரம் தொழிற்சங்கம் நிதிதேசிய வீட்டுவசதி வங்கிஸ்ரீராம் வீட்டுவசதி நிதி லிமிடெட்ஸ்ரீராம் வீட்டுவசதி