Valiant Mauritius Partners FDI Limited has invested in Shriram Housing Finance Limited, subsidiary of @Shriram_City_U
according to announcement on BSE.
The terms of the transaction were not disclosed, however @Shriram_Housing
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.