Mumbai-based investment firm Skybridge Ventures LLP has acquired a 24.5 per cent stake in India Home Loan Ltd through an off-market transaction, acquiring over 34.99 lakh shares. The move underscores the firm's confidence in India's affordable housing and retail finance sectors. India Home Loan Ltd has developed a strong platform targeting underpenetrated markets, with revenue rising to INR 13.60 crore in FY25 from INR 12.02 crore in FY24. Skybridge Ventures aims to support the company's next phase of growth, highlighting the potential of affordable finance in India's expanding housing sector.
Skybridge Ventures LLP, an investment firm headquartered in Mumbai, recently announced the acquisition of a 24.5 per cent stake in India Home Loan Ltd via an off-market deal. The firm obtained slightly over 34.99 lakh shares, though the transaction value was not disclosed. Based on the previous day's closing price, the stake is estimated to be worth INR 14.85 crore.
The investment reinforces Skybridge Ventures' confidence in the long-term prospects of India's affordable housing and retail finance markets. The firm emphasised that India Home Loan Ltd has built a robust platform to serve underpenetrated regions, and it looks forward to supporting the company in its forthcoming growth initiatives.
Financially, India Home Loan Ltd recorded revenue of INR 13.60 crore in FY25, reflecting an increase from INR 12.02 crore in FY24, demonstrating steady growth in its operations and market reach.
By acquiring a significant stake, the firm positions itself to support India Home Loan Ltd's expansion into underpenetrated markets. The revenue growth achieved by the company over the past year further validates the market potential and effectiveness of its platform. Skybridge Ventures' backing is expected to accelerate the firm's next phase of growth, reinforcing investor confidence and highlighting the evolving opportunities in India's housing finance landscape.
Source - PTI
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