MUMBAI: Skybridge Ventures LLP has announced its acquisition of a 24.5% stake in India Home Loan Ltd through an off-market transaction.
This acquisition underscores Skybridge Ventures’ confidence in the future growth prospects of affordable housing and retail financing in India, as stated by the Mumbai-based firm.
Skybridge acquired over 34.99 lakh shares, constituting the 24.5% stake in India Home Loan Ltd, although specifics regarding the deal size were not disclosed.
Based on the closing share price of India Home Loan on Friday, the value of the acquired stake amounts to Rs 14.85 crore.
“India Home Loan Ltd has developed a robust platform to cater to underrepresented markets, and we look forward to supporting the company in its upcoming growth phase,” commented the investment firm.
For FY25, India Home Finance reported a revenue increase to Rs 13.60 crore, up from Rs 12.02 crore in FY24.
