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Star Housing Finance gets nod to raise Rs 21.60 crore

18 Jun 2022 Evaluate

Star Housing Finance has received an approval for issuance upto 16,00,000 Equity shares of face value Rs 10 each at a price of Rs 135 for a total consideration of Rs 21.60 crore by way of preferential issue through Private Placement basis to Arika Securities and Colo Securities. The Board of Directors of the Company at its meeting held on June 17, 2022 has approved the same.

Star Housing Finance (formally known as Akme Star Housing Finance) is primarily engaged in the business of providing loans to individuals, corporate and developers for the pur)chase, construction, development and repair of houses, apartments and commercial properties in India.

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