Shriram Finance, India’s largest auto-focused non-bank lender, is selling its 85% stake in Shriram Housing Finance to US private equity giant Warburg Pincus for Rs 4,630 crore. After 13 years, the Chennai-based group is exiting the housing finance vertical, aiming for value unlocking. Talks with other investors like Mubadala and Bain Capital did not progress. The sale proceeds will boost Shriram Finance’s growth capital. The transaction includes complete stake acquisition and is subject to regulatory approvals. All 3,000-plus employees will continue under new ownership, led by current management.