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Valiant Mauritius Partners FDI Ltd will invest Rs 170.52 crore in Shriram Housing Finance, a subsidiary of Shriram City Union Finance Ltd, according to a press release from Shriram City.
Shriram City will bring in Rs 165.44 crore. Both will bring in the funds simultaneously in three tranches over 2-3 years. The post equity valuation of Shriram Housing will be Rs 750 crore.
Valiant's stake will be 22.75 per cent.
The infusion by Shriram City will be at Rs 10 a share and by Valiant at Rs 35, the release said.
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