Ltd is looking to raise around $100 million from private equity (PE) funds, as the company looks to increase its loan portfolio and expand its network nationally, said three people aware of the development. Shubham Housing provides housing credit to people employed in the informal sector. “They are looking to raise close to $100 million from private equity funds. According to data from the Registrar of Companies (RoC), Shubham Housing reported revenue of Rs.51.9 crore in 2014-15, compared to Rs.24.8 crore a year earlier. This trend is likely to continue,” said Sanjay Chaturvedi, chief executive officer of Shubham Housing.

Source: Mint August 24, 2016 18:45 UTC