Sundaram Home Fin plans to raise ₹2,500 cr.
The Hindu
Firm’s Q1 net rises 18% to ₹40 crore
Sundaram Home Finance Ltd. plans to raise ₹2,500 crore via debt and from banks this year for funding its growth plans. The home finance subsidiary of Sundaram Finance Ltd. reported an 18% increase in net profit for Q1 FY22 at ₹40 crore. It disbursed ₹249.27 crore against ₹99.98 crore in the year-earlier period, it said. “The second wave of COVID led to uncertainty during the quarter, but relaxation of lockdown in most States in June led to a partial bounce back in demand in the real estate space towards the end of Q1,” said managing director Lakshminarayanan Duraiswamy.
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