 "Shriram Housing Finance plans to raise Rs 400 crore equity in H1FY22")
Shriram Housing Finance Ltd, Shriram group unit focusing in affordable housing segment, plans to raise equity capital up to Rs 400 crore in first half of next financial year (Fy22) to support business growth.
The capital will predominantly come from within Shriram group. Besides, capital infusion, the retained earnings in next two financial years will also support to grow loan book to Rs 8,000-10,000 crore level by March 2023, said its managing director and chief executive Subramanian Jambunathan.
The company is a majority owned subsidiary of Shriram City Union Finance (Shriram City) that owns 77.25 per cent of equity shares.
