يحاولGOLD- Free

There is no change from organisational perspective
Business Standard|January 16, 2025
Last year, private equity major Warburg Pincus acquired 100 per cent stake in Shriram Housing Finance, which is now re-branded as Truhome Finance. RAVI SUBRAMANIAN, managing director (MD) and chief executive officer (CEO) of the company, tells Aathira Varier in Mumbai, that he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating. Edited excerpts:
- RAVI SUBRAMANIAN
There is no change from organisational perspective

How much capital has Warburg committed?

We will be changing our brand because we are no longer a Shriram Group company. From January 16 onwards, it will be called Truhome Finance Limited. We expect that the name change will re-energise the team, give us a new identity and propel us to greater heights. Our net worth, which was about ₹1,500 crore till March 2024, will be ₹3,400 crore this March. Warburg has infused almost ₹2,000 crore in the company. We have another ₹400-₹500 crore in the kitty to infuse, should we need it at some point in time. So essentially, Warburg has given us growth capital. Credit rating agencies are comfortable with the Warburg name and the capital they are infusing. Due to this, we have got 'AA' credit rating from all the three agencies.

What would be the growth strategy now?

هذه القصة مأخوذة من طبعة January 16, 2025 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 16, 2025 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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