Valiant Mauritius Invests In Shriram Housing Finance
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.
The company expects to close this year with a total loan disbursal of Rs 10 crore. Shriram Housing Finance is targeting Tier II and III markets in states like Tamil Nadu, Andhra Pradesh, Karnataka, Maharashtra and Gujarat to begin with.
Shriram City Union Finance Limited, a financial services company, provides retail and non-banking financial services in India. It offers finance for two wheelers, tractors, and three wheelers, as well as for new and pre-owned passenger and commercial four wheelers.
Shriram City Union On BSE
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 2012-03-29 | Shriram Housing - Valiant Mauritius | Private Equity |
Valiant Capital Partners LP |
- |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 06/06/2013 | Private Equity | IDBI Private Equity | Ananya Finance For Inclusive Growth Private Limited | - | Completed |
| 10/05/2013 | Private Equity | Piramal Enterprises Limited | Shriram Transport Finance Company Limited | 304.57 | Completed |
| 10/04/2013 | Private Equity | International Finance Corporation | The Ratnakar Bank Limited | 5.95 | Completed |
| 28/03/2013 | Private Equity | FMO - Netherlands Development Company | AU Financiers (India) Private Limited | 20.00 | Completed |
Fund |
||||
| Name | Corpus | Target Sector | Website | KeyContact |
|---|---|---|---|---|
| Valiant Capital Partners LP | Sector Agnostic | |||
Company | ||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Shriram Housing Finance Limited | Shriram City Union Finance Limited | 123, Angappa Naicken Street | http://www.shriramhousing.in | |
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