Page 3 - Housing Finance

India Shelter down 6.8% after 7.5 mn shares change hands

The run on the housing finance company's stock came after around 7.5 million shares changed hands on the counter

Don't chase housing financing stocks due to Bajaj Housing Fin IPO: Analysts

Bajaj Housing Finance IPO: Analysts advise investors to focus on the fundamentals of the individual companies and accumulate the shares on dips from long-term gains

Bajaj Housing Finance raises Rs 1,757 crore from anchor investors

At the upper end of this price band, Bajaj Housing is valued at a price-to-book ratio of 3.2 times on a post-money basis

Reserve Bank of India tightens HFC norms to bring them on a par with NBFCs

The RBI stated that the norms have been revised to harmonise the guidelines for NBFCs and housing finance companies

Reserve Bank of India tweaks risk weights for housing finance companies

At the same time, the regulator segregated risk weights for standard and stressed commercial real estate - residential buildings

Proposed to raise affordable housing limit in metros in Budget: Rishi Anand

Rishi Anand tells that the housing finance company aims to disburse Rs 8,500 crore in the financial year 2024-25

Loan growth likely to drive further gains for LIC Housing Finance

Loan growth was low due to technology upgrades to the platform in H1FY24, though momentum improved in H2FY24

Luxury housing cashes in on a growing affluent class, evolving lifestyles

This surge is being fuelled by millennials with increasing incomes and elevated expectations

The housing finance sector will only grow: PNB Housing Finance MD & CEO

The real estate cycle is about 7-8 years. The demand for housing is always increasing, and so is housing shortage. With the government's focus on housing, the housing finance sector will only grow

HFCs see realty sector expanding with tech adoption and govt backing

Housing finance companies underscore their healthy capital positions amidst heightened investor interest in the segment

Aditya Birla Capital infuses Rs 300 crore in housing finance arm

Financial Services firm Aditya Birla Capital on Wednesday said it has infused Rs 300 crore in its housing finance arm Aditya Birla Housing Finance Ltd (ABHFL) to fund business growth. The company is making the investment in ABHFL to meet its growth, funding requirements and improve its leverage ratio, Aditya Birla Capital said in a regulatory filing. Aditya Birla Capital subscribed equity shares of ABHFL, on rights basis for aggregate cash consideration of Rs 300 crore, it said.

LIC Housing Finance aims for 13% growth in loan book for FY25: MD & CEO

The total outstanding portfolio of the company grew 4 per cent year-on-year to Rs 2.87 trillion from Rs 2.75 trillion in the earlier year

Too many unsold homes? China considering govt purchases to ease glut

Local state-owned enterprises would be asked to help purchase unsold homes from distressed developers at steep discounts using loans provided by state banks, according to two of the people

Shriram Finance's HFC sale capital accretive, says S&P Global Ratings

Help to maintain 20 per cent year-on-year credit growth

Board of Aptus Value Housing gives nod to issue NCDs up to Rs 2,250 cr

The Board of housing finance company Aptus Value has approved the issuance of Non-Convertible Debentures up to Rs 2,250 crore, the Chennai-based company said on Saturday. Aptus Value Housing Finance India Ltd recorded a 22 per cent hike in its profit after tax for the year ending March 31, 2024, at Rs 612 crore as compared to Rs 503 crore registered in the same period of last year. Disbursements made during the financial year ending March 31, 2024, grew by 31 percent to Rs 3,127 crore as compared to Rs 2,395 crore, made during the same period of last year. In a BSE filing on Saturday, the company said, "The Board has considered and approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs 2,250 crore through private placements, in one or more tranches or series (subject to the approval of shareholders) from time to time". Aptus Value Housing Finance India Ltd currently has a network of 262 branches with over 1.33 lakh active accounts in Tamil Nadu, Puducherry,

Aptus Housing Finance Q4 results: Net profit increases 21% to 164 cr

Housing finance company Aptus Value has recorded a 21 percent hike in its profit after tax for the quarter ending March 31, 2024 at Rs 164 crore. The city-based firm had registered a PAT of Rs 135 crore during the same period last year. For the year ending March 31, 2024, the profit after tax went up by 22 per cent to Rs 612 crore, from Rs 503 crore registered during the same period of last year. Commenting on the financial performance, Aptus Value Housing Finance India Ltd., Managing Director P Balaji said, "I am delighted to announce that FY24 has proven to be a good year for Aptus, marked by significant accomplishments and strong growth. During FY24, we expanded our presence by opening 31 branches, thereby strengthening our network to 262 branches." Total disbursements made during the quarter under review went up by 45 per cent to Rs 968 crore, from Rs 668 crore registered during the corresponding quarter of last year. For the financial year ending March 31, 2024, the disburseme

Aadhar Housing Finance sets IPO price band at Rs 300-315 per share

The initial share sale will be open for public subscription during May 8-10 and the bidding for anchor investors will open for a day on May 7, the company said in a statement

Aadhar Housing Finance sets IPO price band of Rs 300 to Rs 315 per share

Aadhar HFC provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension

Mubadala, Warburg in talks with Shriram Finance to buy stake in SHFL

Shriram Finance on Tuesday confirmed that it is looking to unlock value in the housing finance arm (SHFL) to secure growth capital.

Blackstone-backed Aadhar Housing Finance's Rs 3,000 cr IPO to open on May 8

The initial share-sale will conclude on May 10 and the bidding for anchor investors will open for a day on May 7, according to the Red Herring Prospectus (RHP)