Shriram City Union Finance (SCUF) is planning to raise Rs 325 crore this year. For this purpose, the Chennai-based company may either choose for a qualified institutional placement (QIP) or a stake sale to a private equity player. The company already has a shareholder approval to raise Rs 1,000 crore through various routes.
Shriram City Union Finance has presence in the following business segments - loan Against Gold (LAG), Small Business Finance Loans (SBF), Auto Loans, 2-Wheeler loans, Personal Loans and Consumer Durables Loans.
