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Shriram City Union Finance Acquires Over 4.4 Crore Shares Of SHFL

After allotment of shares by SHFL in response to this subscription, the company’s holding in SHFL will be 81.61 per cent of the equity capital, it added.

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After allotment of shares by SHFL in response to this subscription, the company’s holding in SHFL will be 81.61 per cent of the equity capital, it added.

Shriram City Union Finance on Thursday said its has acquired over 4.44 crore shares of its housing finance subsidiary for Rs 200 crore.

“The company had on May 12, 2021 subscribed 4,44,44,445 number of equity shares of face value of Rs 10 each priced at Rs 45 per share… aggregating to Rs 2,00,00,00,025 in Rights Issue offered by Shriram Housing Finance Limited (SHFL), subsidiary of the Company,” it said in a regulatory filing.

After allotment of shares by SHFL in response to this subscription, the company’s holding in SHFL will be 81.61 per cent of the equity capital, it added.

Source: PTI

(The story has been published from a wire feed without modifications to the text. Only the heading has been changed)

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