Hudco is demanding scarcity premium for being the biggest beneficiary of GoI thrust on housing/infra, its niche business model characterized by high entry barriers, said Elara Capital.
Total disbursements made during the quarter under review grew by 20 per cent to Rs 1,336 crore, from Rs 1,110 crore registered in the same period of last year.
On April 18, ICICI Home Finance, Vistaar Financial Services Pvt Ltd, Five-Star Business Finance Ltd, and Axis Finance Ltd, raised Rs 1,628.60 crore through bonds.
Private equity firm TPG, which was among the most active large institutional investors in India last year and was also among those taking a big harvest with exits, ..
TPG Asia VII Sf Pte, the public shareholder of Five-Star Business Finance Ltd., sold 1.93% stake in the company for Rs 425.2 crore. The shareholder sold 56.54 lakh shares at Rs 752.02 apiece, according to bulk deal data.
Details of the buyers were not disclosed. In December, the US based private equity firm held 11.22% stake in the company.