Shriram Finance's board has approved the sale of its housing finance unit, Shriram Housing Finance (SHFL), to Warburg Pincus for ₹4,630 crore. As part of the sale, SHFL parent Shriram Finance will sell its 84.82% stake while US-based Valiant Capital will sell its 14.94% stake. SHFL's current management team led by CEO Ravi Subramanian will continue to run the business.