Star Housing Finance Limited announced a private placement of 810,500 equity shares at a price of INR 153 per share for gross proceeds of INR 124,006,500 on September 26, 2022. The transaction will include participation from new investors, Zenith Multi Trading Dmcc for 200,000 shares, Chhatisgarh Investments Limited for 100,000 shares, Sushant Sunil Warerkar for 5,000 shares, Hemant Jayantilal Patwa for 20,000 shares, Rishabh Vinod Jain for 15,000 shares, Kalpanaben Ashokbhai Doshi for 15,000 shares, Hansaben Kanakumar Mehta for 15,000 shares, Shilpa Nareshbhai Mehta for 15,000 shares, Asha Abhaykumar Doshi for 30,000 shares, Vinodkumar Mafatlal Mehta for 8,500 shares, Vivek Shashikant Mehta for 8,500 shares, Hardik Rameshkumar Maniyar HUF for 5,000 shares, Rameshchandra Veljibhai Maniyar HUF for 5,000 shares, Jainam Rameshbhai Maniyar HUF for 5,000 shares, Ashokbhai Rajkaranbhai Doshi for 5,000 shares, Arvindbhai Rajkaranbhai Doshi for 5,000 shares, Tejas Mahendra Chavji for 5,000 shares, Esha Yash Barbhaya for 15,000 shares, Kirit Kantilal Shah for 11,000 shares, Dilip L Mehta for 5,000 shares, Shantaben B Patel for 10,000 shares, Haresh Lallubhai Vora for 10,000 shares, Hirenbhai N Patel for 5,000 shares, Rushabh Praful Satra for 50,000 shares, Avantilal L Mehta for 5,000 shares, Asha Dilip Mehta for 5,000 shares, Hetal B Patel for 5,000 shares, Kunal Suresh Doshi for 5,000 shares, Sharmila Vikram Jain for 7,000 shares, Sujitkumar Sevantilal Mehta for 10,000 shares, Vrutika Praful Satra for 50,000 shares, Nirav Mahesh Shah for 7,000 shares, Beena Naresh Shah for 8,000 shares, Pratima Bhavesh Shah for 6,000 shares, Neha Sumit Sanghvi for 5,000 shares, Raviprakash Chhajer for 5,000 shares, and Vishal Ramavtar Toshniwal for 5,000 shares; returning investors Yash Rajesh Hirani for 5,000 shares, Pradeep Kumar Kapse for 5,000 shares, Babubhai Khodidas Patel for 5,000 shares, Ankit Dilip shah for 12,000 shares, Premchand Damji Shah for 16,000 shares, Hemlata Premchand Shah for 16,000 shares, Monika Khedwal for 14,000 shares, Ranjit Keshar Singh for 6,500 shares, Poonam Bhargava for 5,000 shares, and Rahul Rajendra Jain for 35,000 shares. The company will issue the shares on a preferential basis.

The transaction has been approved by the board of directors of the company.