Press Release with respect to listing of Company''s security on National Stock Exchange (NSE)
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Star Housing Finance Ltd (Star HFL), currently listed only on BSE (Scrip code 539017), has announced its decision to seek a listing of its equity shares on the National Stock Exchange (NSE). The move is part of the company's strategic growth roadmap and remains subject to meeting NSE eligibility criteria and receiving necessary regulatory approvals. Star HFL is a retail housing finance company focused on providing long-term home loans to low and middle-income families in semi-urban and rural India across Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, NCR, and Tamil Nadu. The company is also registered as a Primary Lending Institution under the Pradhan Mantri Awas Yojana (PMAY). Management cited goals of enhancing visibility, increasing shareholder liquidity, and deepening its investor base as reasons for seeking the additional listing.
For shareholders, this dual listing could improve liquidity in the stock and make it more accessible to a wider set of institutional and retail investors who track NSE. In the short term, the announcement is informational; the actual listing will only happen after regulatory approvals are obtained, so the stock impact remains contingent on further milestones.