MUMBAI: Warburg Pincus LLC’s Truhome Finance Ltd has hired four banks for a planned initial public offering (IPO) that could raise as much as US$300mil, according to sources.
The shadow lender – formerly known as Shriram Housing Finance Ltd – has mandated Kotak Mahindra Capital Co, JM Financial Ltd, IIFL Capital Ltd and the local unit of Jefferies Financial Group Inc to manage the share sale, the sources said.
