Rural India-focused housing finance company, Star Housing Finance Limited, on Monday, May 19, announced plans to initiate the process of listing its equity shares on the National Stock Exchange of India Limited (NSE).
The proposed NSE listing is subject to the fulfilment of eligibility criteria and obtaining all necessary regulatory approvals.
Currently listed on the BSE, Star HFL has consistently delivered strong performance, maintained prudent risk management practices, and remained committed to financial inclusion by offering housing finance to low- and middle-income families in semi-urban and rural areas across India.
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Kalpesh Dave, CEO of Star Housing Finance Ltd, said, “The decision to seek listing on the NSE aligns with our strategic goal of enhancing visibility, increasing liquidity for our shareholders, and deepening our investor base.”
“As we continue to build a strong and inclusive housing finance platform, the dual listing will further strengthen our market presence and improve access to capital markets. We remain committed to serving the affordable housing segment while delivering long-term value to all stakeholders,” he added.
The company will continue to keep its stakeholders informed as it progresses through the regulatory process and milestones associated with the proposed listing.
Shares of Star Housing Finance Ltd ended at ₹39.90, up by ₹0.52, or 1.32%, on the BSE.
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(Edited by : Shoma Bhattacharjee)