Shriram Finance shares in focus as co sells stake in housing finance biz to Warburg Pincus for Rs 3,929 crore

Shriram Finance shares in focus as co sells stake in housing finance biz to Warburg Pincus for Rs 3,929 crore

The housing financing arm of Shriram Financing Ltd. was sold to Warburg Pincus on Wednesday, December 11th, for ₹3,929 crore. The lead firm of the Shriram group sold all of its 84.44 per cent stake on a fully diluted basis. After the sale of the stake was completed, Shriram Housing Finance was no longer part…

Shriram Finance share price rises 7% post strong Q2 results that beat estimates

After a robust Q2 performance, the share price of Shriram Finance increased by 7% in early trading on Monday, October 28. On Friday, after market hours, the company released its profits. The share price of Shriram Finance opened Monday at ₹3,173.45 on the BSE, 2.65% higher than the closing price of ₹3,091.40. After that, the…