Star Housing Finance Limited

Mumbai (Maharashtra) [India], Aug 8: Star Housing Finance Limited (Star HFL) (Scrip code: BOM: 539017), a rural-focused HFC, has raised $2.7 mn capital through preferential allotment. The capital has been subscribed by Arika Securities Pvt Ltd and Colo Securities Pvt Ltd. This capital raise has been completed through the initiative of Mr. Kamlesh Shah. Mr. Shah is MD of Share India Securities Ltd, a three-decade veteran in the capital market, and president of ANMI (Association of National Exchanges Members of India), a pan India body comprising the trading members across the country of (NSE) (BSE), (MCX) and other exchanges having national presence and he is also on the advisory committee of BSE Limited and India INX. This raise has augmented the net worth past Rs.85 crs strengthening the...

Mr. Kalpesh Dave, Head Corporate Strategy, Star Housing Finance Ltd. Mumbai (Maharashtra) [India], August 01: Star Housing Finance Limited (Star HFL) (Scrip code: BOM: 539017), a rural-focused HFC, has raised $2.7 mn in capital through preferential allotment and has increased its net worth to more than Rs. 85 crs. This equity infusion is a part of a series of capital raise in the Company, the last being done in FY’22, subscribed by retail investors, mostly professionals from the BFSI space. This raise has further strengthened the capital adequacy and moderated the leverage levels of the Company. It results in further headroom to increase borrowings and aid in building AUM in line with the Company’s growth objectives. Speaking on occasion, Mr. Kalpesh Dave, Head - Corporate Planning and ...

Tag: Star Housing Finance Limited

Star Housing Finance Limited Raises $2.7 mn Equity through the Initiative of Mr. Kamlesh Shah, to augment net worth and scale up in rural geographies

Star Housing Finance Limited Raises $2.7 Mn Equity to Augment the Net Worth and Build Scale in Rural Geographies