Non-bank lender Shriram Finance has successfully completed the sale of its entire stake in its housing finance subsidiary, Shriram Housing Finance, to Warburg Pincus. The transaction, valued at Rs 3,929 crore, saw the private equity firm acquire over 84% of Shriram Housing Finance’s stake, a move that further strengthens the strategic realignment of Shriram Finance’s business portfolio.
The sale, which had been in the works for several months, has now received all necessary approvals from regulatory authorities and stakeholders, confirming the deal’s completion. This marks a key milestone in Shriram Finance’s efforts to streamline its operations and focus on its core business segments. According to the company, the sale aligns with Shriram Finance’s strategic priorities, allowing the firm to concentrate more effectively on its growth areas and core businesses. The company has also expressed its commitment to creating long-term value for its stakeholders through this transition. The divestment of its housing finance business is expected to enable Shriram Finance to pursue new opportunities while continuing to drive sustainable growth and profitability across its key operations.