Wednesday, 13 November 2019

SHF raises Rs 680 cr from banks

Shriram Housing Finance (SHFL), a subsidiary of Shriram City Union Finance, has raised about Rs. 680 crore from various public and private sector banks and the National Housing Bank. The company received Rs. 100 crore each from Indian Bank and United Bank of India, Rs. 150 crore from Canara Bank through a securitisation deal, Rs. 150 crore from Syndicate Bank via term loans, Rs. 50 crore from ICICI Bank via PTC and Rs. 130 crore from NHB through a refinance scheme.


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