Sundaram Home Finance mulls to raise ₹2,500 crore
The Hindu
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Sundaram Home Finance ((SHF), a wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd., is mulling to raise ₹2,500 crore to fund its growth plans, the firm said. SHF has declared its financial performance for the fourth quarter ended March 31. According to a statement, net profit stood at ₹36.60 crore. The company registered a net profit of ₹82 crore during the corresponding period last year, including a one-time exceptional item of ₹60 crore due to write-back of deferred tax liability. “Hence the net profit for the two periods are not comparable,” the statement said.More Related News