Valiant Mauritius Invests In Shriram Housing Finance
by Irfan Khan
Valiant Mauritius Partners FDI Limited has invested in Shriram Housing Finance Limited, subsidiary of Shriram City Union Finance according to announcement on BSE.
The terms of the transaction were not disclosed, however Shriram Housing Finance had announced plans to raise R75Cr from both PE investors and the promoters by diluting 20-22% stake.
Shriram Housing is the mortgage lending arm of Shriram Group. The housing finance business was started with an initial capital of around R15Cr. The company is engaged into asset backed lending, truck finance, personal finance, insurance and real estate.
Online marketplace for home decor and furniture, Pepperfry, owned by Trendsutra Platform Services Pvt. Ltd., has received a funding of Rs 210 Cr from its existing investors including Goldman Sachs, Norwest Venture Partners, Bertelsmann India Investments and Zodius Technology Fund.