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BPEA EQT formerly known as Baring PE Asia is in advanced discussion to take stake in Shriram Housing Finance Ltd. (SHFL) a mortgage subsidiary of Shriram Finance. The group is yet to decide the stake amount and sources close to the parties believe the deal should be completed in the first quarter of the upcoming fiscal year. Shriram Housing Finance has 7,200 crores of rupees in assets under management (AUM) as of December 2022. About 85% of the housing finance subsidiary is owned by Shriram Finance, and the remaining is owned by Valiant Mauritius (P) Ltd.
The mortgage lender with a focus on the affordable housing category has experienced a rapid growth over the past few years. It began operations in November 2010 and was officially recognised by the National Housing Bank as a home financing firm in August of the following year. The parent invested 500 crore rupees in equity in the company last year. The southern states of Telangana, Karnataka, Tamil Nadu and Andhra Pradesh account for 30–40% of Shriram Housing's revenue. It is also present in Gujarat. The average loan size across its 94-branch network is Rs 16.6 lakhs.
Shriram Housing Finance Ltd is a non-banking financial company (NBFC) in India that specializes in providing home loans to individuals in the affordable housing segment. Established in 2011, the company has a presence in over 24 states and union territories in India, serving customers through a network of 157 branches and over 5,000 touchpoints.
Shriram Housing Finance aims to bridge the gap in the affordable housing finance market by offering a wide range of home loan products including loans for the purchase of new and resale homes, construction loans, and home improvement loans. The company focuses on delivering quick and hassle-free loan processing, flexible repayment options and personalized customer service to ensure a seamless home buying experience for its customers.
Baring Private Equity Asia (BPEA) is one of the leading private equity firms in the Asia-Pacific region, with headquarters in Hong Kong and offices across the region. Since its founding in 1997, BPEA has invested in more than 300 companies with a focus on growth-oriented businesses in sectors such as healthcare, technology and financial services. The firm manages over $22 billion in assets and has a team of over 200 professionals with extensive experience in investing and managing companies in Asia.
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