MUMBAI: Non-bank lender Shriram Finance on Wednesday announced the completion of the sale of its entire stake in its housing finance subsidiary Shriram Housing Finance to Warburg Pincus. The company had sold its over 84 per cent stake to the private equity fund for a consideration of Rs 3,929 crore a few months ago, a statement said.
The transaction marks a significant milestone, with all requisite approvals from regulatory authorities and stakeholders duly secured, the company said.
“The sale aligns with Shriram Finance’s strategic priorities, allowing the company to sharpen its focus on its core business segments and growth areas,” it added.
This transition underscores Shriram Finance’s commitment to creating value for its stakeholders while fostering long-term sustainability.
