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In May 2021, Shriram City Union Finance (SCUF) has invested how many rupees (in crore) in its housing finance subsidiary, Shriram Housing Finance Ltd (SHFL)?

In May 2021, Shriram City Union Finance (SCUF) has invested how many rupees (in crore) in its housing finance subsidiary, Shriram Housing Finance Ltd (SHFL)? Correct Answer 200

The correct answer is ₹200 crores.

  • Shriram City Union Finance (SCUF) has invested Rs. 200 crores in its housing finance subsidiary, Shriram Housing Finance Ltd (SHFL).
  • The board of SCUF has also approved an investment of up to Rs. 500 crores into SHFL over the next two years, of which ₹200 crores has been invested now.
  • The current infusion will increase SCUF’s holding in SHFL to 81.16% from the existing 77.25%.

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