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DHFL may sell majority stake in Aadhar Housing Finance

DHFL may sell majority stake in Aadhar Housing Finance

Thursday, April 20, 2017, 11:55 AM

Mortgage lender Dewan Housing Finance Corp. Ltd (DHFL) plans to sell a majority stake in its Aadhar Housing Finance Ltd unit, two people aware of the development said. Aadhar Housing Finance, which provides housing loans for low- and middle-income customers, had a loan book of Rs.1,736 crore as of 31 March 2016. DHFL has hired investment bank Rothschild to find a buyer.
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