Tag: Housing finance

Housing Finance

Westridge Investments plans to divest a 9.8% stake in Aptus Value Housing

Aptus Value Housing shares will be in focus on Tuesday as private equity firm Westridge Investments plans to divest a 9.8% stake in the company through a Rs 1,495 crore block deal, CNBC-TV18 reported. The floor price for the deal has been set at Rs 305 per share, the sources said. Aptus Value Housing Finance India reported a 26% year-on-year rise in net profit for the March quarter, aided by strong disbursement growth and operational efficiency. Profit after tax stood at Rs 207 crore, up from Rs 164 crore in the same quarter last year. Disbursements rose 10% YoY to…

Housing Finance

Truhome Finance raises $100 million via ECB to fund affordable housing

NEW DELHI: Truhome Finance, formerly Shriram Housing Finance, on Friday said it has raised USD 100 million (about Rs 870 crore) through maiden syndicated External Commercial Borrowing (ECB) to fund affordable housing. The company has secured this funding through a social loan facility from DBS Bank and Sumitomo Mitsui Banking Corporation (SMBC) as mandate lead Arranger and book-runner and joint social loan coordinators in this syndication, Truhome Finance said in a statement. Structured as a social loan, this facility underscores Truhome’s commitment to financial inclusion and sustainable housing finance, it added. The fund will be utilised to expand Truhome’s lending…

Housing Finance

LIC Housing Finance cuts lending rate by 25 bps

NEW DELHI: Mortgage firm LIC Housing Finance on Friday said it has slashed its benchmark lending rate by 25 basis points following the recent policy rate cut by the Reserve Bank of India. This reduction in LIC Housing Prime Lending Rate (LHPLR), will benefit both existing and new borrowers by making home loans more affordable, the LIC subsidiary said in a statement. The revised interest rates will now start from 8 per cent and will come into effect from April 28, it said. The LHPLR serves as the benchmark rate for determining the interest rates on all types of loans,…