Warburg Pincus to inject ₹500 crore into Truhome Finance
MUMBAI: Truhome Finance, focusing on affordable housing, is set to receive an additional ₹500 crore funding from its primary shareholder, Warburg Pincus, later this month, as confirmed by a senior official. This new investment will increase Warburg Pincus’s total commitment to over ₹2,000 crore in the entity, previously known as Shriram Housing Finance. “Warburg has previously invested ₹1,200 crore in new funding and ₹400 crore in compulsorily convertible debentures. They are now set to contribute ₹500 crore more by the end of October,” said Ravi Subramanian, managing director and CEO of the lender, in a statement to PTI. He noted…