Shriram Housing Fin gets ~300-cr equity capital from parent firm

To oil its fast-paced expansion and the resultant expansion of its loan book, affordable segment-focused Shriram Housing Finance has secured an additional ~300 crore equity capital from the parent Shriram City Union Finance, taking its total equity capital to about ~1,100 crore. The company has set a target of crossing ~5,600 crore of assets under management (AUM) target by March, as it had already crossed the ~4,000crore mark in July and the new growth capital will help it expand the balance sheet faster.