Star Housing Finance Ltd enters into Co-Lending Agreement with Capital India Home Loans

Star Housing Finance Limited (STAR HFL) has entered into co-lending partnership with Capital India Home Loans to compliment its AUM growth across their shared operational geographies. The move is a part of the overall transformation journey where Star HFL shall be utilizing the capacity created through geographical expansion now having a network of 7 branches and 15 digital Points of Presence across Maharashtra, Madhya Pradesh, Gujarat, Rajasthan and Tamil Nadu.

The co-lending partnership shall provide housing finance assistance to EWS (Economically Weaker Section)/LIG (Low Income Group) first time home buyers looking to purchase / construct low cost housing units in the operational geographies consisting of tier II/III towns and semi urban locations with a maximum ticket size of Rs.25 lakhs

Speaking on the occasion, Star HFL MD, Mr. Ashish Jain said, "We are happy to announce this partnership with Capital India Home Loans and look forward to work synergistically to achieve the joint goals that we have set for ourselves. I am confident that both teams would learn and share the knowledge with each other that would be beneficial for both organizations in their respective journey. This partnership enables to augment Star HFL'S AUM growth efforts complimenting our on-book business growth. Our branch network and work force shall be leveraged to generate business for this partnership. Our focus segment and area of operations continue to remain same and we look forward to play a meaningful role in realizing home owning aspirations for EWS/LIG customers through this partnership."

Shares of Akme Star Housing Finance Ltd was last trading in BSE at Rs. 87.65 as compared to the previous close of Rs. 86.30. The total number of shares traded during the day was 61387 in over 333 trades.

The stock hit an intraday high of Rs. 90.40 and intraday low of 86.00. The net turnover during the day was Rs. 5421476.00.

Source : Equity Bulls

Keywords

StarHousingFinance INE526R01010 CoLendingPartnership CapitalIndiaHomeLoans AUMGrowth