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Shivalik SFB acquires ManiBhavnam for ₹109 Cr to expand housing finance in North

The Delhi-based lender brings a ₹300 Cr loan book into Shivalik's portfolio. The deal marks the small finance bank's push into secured lending and tier-II markets.

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Finsamudra Desk

15 May 2026, 12:00 pm IST · 1 min read

₹109 CrAcquisition value₹300 CrManiBhavnam loan book₹3,659 CrShivalik total loan book (Dec 2025)
⬩Shivalik Small Finance Bank is in the final stages of acquiring Delhi-based ManiBhavnam Home Finance in a deal valued at ₹109 crore.
Image: Finsamudra LinkedIn archive

Shivalik Small Finance Bank is in final stages of acquiring ManiBhavnam Home Finance, a Delhi-based housing finance player, in a deal valued at ₹109 crore. The acquisition has cleared RBI approval and awaits clearance from the Registrar of Companies.

The deal structure combines share swaps and cash payment. ManiBhavnam operates a loan book of around ₹300 crore, which will integrate into Shivalik's existing portfolio of ₹3,659 crore as of December 2025.

Shivalik's stated rationale centres on three vectors: strengthening its presence in affordable housing finance, expanding its secured lending footprint, and gaining deeper geographic reach across North India. For a small finance bank, the acquisition signals a shift toward stability-focused lending over unsecured micro-credit.

Sources

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