Led by S&G Partners, LIC Housing Finance Limited has sanctioned credit facilities amounting to ₹350 crores to Shubham Housing Development Finance Company Limited.
This financial arrangement is intended to support Shubham Housing’s onward lending activities.
LIC Housing Finance Limited, a subsidiary of Life Insurance Corporation of India, specializes in providing housing finance solutions to individuals for purchasing, constructing, repairing, and renovating homes. It plays a significant role in promoting affordable housing initiatives across India.
Shubham Housing Development Finance Company Limited, on the other hand, focuses on catering to the housing finance needs of customers in the affordable housing segment. It aims to provide accessible financing solutions to underserved segments of the population, contributing to the expansion of affordable housing options in the country.
The transaction, facilitated by legal advisory firm SNG & Partners, involved key personnel including Ashok Satyanathan (Partner), Sweta Mehta (Associate Partner), Avni Gupta (Associate), and Arnab Das (Associate).
This collaboration underscores LIC Housing Finance’s commitment to supporting the growth of housing finance in India, particularly in the affordable housing sector, through strategic financial partnerships.
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