News
SCUF invests Rs 200 cr in its subsidiary SHFL


Shriram City Union Finance has invested Rs. 200 crore in its housing finance subsidiary, Shriram Housing Finance Limited (SHFL).
The Board of Shriram City Union Finance has also approved an investment of up to Rs. 500 cr into SHFL over the next two years, Rs 200 cr of which has been invested now.
According to a press release, the infusion of Rs. 200 cr will increase SCUF’s holding in SHFL to 81.16 per cent from existing 77.25 pc. The funds will be used to provide growth capital to the fast-growing HFC and enable it to expand its distribution network and customer base, added the release.
-
News4 weeks ago
CapitaLand India Trust Diversifies Funding Sources With Rs 13 Bn Onshore Loan To Develop Its Navi Mumbai Data Centre
-
News1 week ago
Q3 2023 Housing prices up 10% YoY led by positive buying sentiment: CREDAI –Colliers – Liases Foras| Housing Price-Tracker Report Q3 2023
-
News3 days ago
LIXIL celebrates architecture & design industry excellence at World Architecture Festival 2023
-
News3 weeks ago
Fractional Real Estate Can Reshape the Second Home Market in India
-
News3 weeks ago
Aparna Constructions and Estates Launches Aparna Greenscapes in Hyderabad, Plans Rs 1400 Crores Investment
-
News2 weeks ago
Maha Govt’s New Housing Policy to Boost’ Housing For All’, New Investments in State’s RE: Maharashtra Housing Min
-
News3 days ago
Technology Can Speed Construction, Cut Costs, Make Labour More Efficient and Sustainable: Brigade Reap Propagate’23
-
News2 days ago
RBI Keeps Repo Rate Unchanged, Increases Growth Forecast In Its Monetary Policy