Star HFL surges upon announcing a co-lending partnership with Capital India Home Loans

This partnership is being pursued to accelerate AUM growth across their shared operational geographies.

Star Housing Finance Limited (STAR HFL), an NHB registered housing finance company, announced today that it has entered into a co-lending partnership with Capital India Home Loans, which is also a housing finance company.  

This partnership is being pursued to accelerate AUM growth across their shared operational geographies. Star HFL, which has a network of seven branches and 15 digital Points of Presence across Maharashtra, Madhya Pradesh, Gujarat, Rajasthan and Tamil Nadu, shall utilize the capacity created through geographical expansion via this partnership.  

Through this collaboration, both the HFCs shall provide housing finance assistance to first time home buyers who- 

A) want to purchase or construct low-cost housing units with a maximum ticket size of Rs 25 lakh in tier II/III towns and semi-urban locations where the HFCs operate and, 

B) are a part of EWS (Economically Weaker Section) or LIG (Low Income Group) segments.  

At 11.42 am, the share price of Star Housing Finance Limited (STAR HFL) was trading at Rs 88, an increase of 1.97 per cent from the previous week’s closing price of Rs 86.30 on BSE.