Star Home Finance Limited, a BSE listed rural focused housing financing company, intends to penetrate deeper into existing geographies as part of its expansion strategy to meet the housing finance needs of the rural populace. With an existing presence in Akola, Star HFL intends to expand into nearby locations such as Hingoli, Jalgaon & Buldhana through physical and digital offices.
These locations, post getting operational shall be manned with officers having housing finance experience and local know how thereby enabling credit access to prospective borrower towards purchase/construction of own home in the form of low-cost housing units.
Further Mr. Nilesh Pande, Business Director for Vidarbha region said "This expansion is an effort to grow our footprint in Vidarbha region and it demonstrates our passion and commitment to empowering the EWS and LIG groups to buy a house. These branches will enable us to provide a one-stop shop for the housing financing needs of the EWS and LIG sectors by offering a variety of home loan solutions. Star HFL believes that through rural centric home loan products we shall be able to cater to the housing finance requirements of prospective borrowers in our operational geographies."
Shares of Star Housing Finance Ltd was last trading in BSE at Rs. 131.75 as compared to the previous close of Rs. 132.30. The total number of shares traded during the day was 63987 in over 222 trades.
The stock hit an intraday high of Rs. 133.35 and intraday low of 130.40. The net turnover during the day was Rs. 8442794.00.