Shriram Finance’s ₹4,630 Crore Housing Arm Sale Fuels Small Business Expansion with Warburg Pincus

Shriram Finance sells its housing finance arm to Warburg Pincus for Rs 4,630 crore, emphasising small business and vehicle lending. Post-acquisition, Warburg plans additional investment in Shriram Housing Finance.
Shriram Finance's ₹4,630 Crore Housing Arm Sale Fuels Small Business Expansion with Warburg Pincus

Shriram Finance is divesting its housing finance arm to Warburg Pincus for Rs 4,630 crore, focusing on core areas like small business and vehicle lending. The deal includes an additional investment of Rs 1,000 crore by Warburg in Shriram Housing Finance after closure, expected by March 2025.

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The acquisition involves SHF being purchased by Warburg Pincus through its affiliate Mango Crest Investment Ltd from all stakeholders. Shriram Finance currently holds 83.8%, while PE player Valiant owns 14.8% and employees retain 1.4%, all selling their stakes.

Shriram Finance, a leading NBFC, prioritises core businesses like commercial vehicle loans, two-wheeler loans, and MSME financing. With over 84 lakh customers served nationwide, the company maintains a substantial employee base of 3,000 individuals.

Despite the impending sale, Shriram Finance’s stock experienced a slight downturn, closing at Rs 2,300.90 per share on the BSE. This contrasts with the benchmark’s minor gain, reflecting investor sentiment amidst the strategic shift in the company’s focus.

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