DHFL promoters look to sell half of their stake for $1 bn
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Promoters of debt-ridden mortgage lender DHFL are in talks with private equity firms and are expecting to garner $1 billion (about Rs 6,900 crore) by selling nearly 50 percent of their holdings, sources said. The Wadhawan family, the promoters of the company, currently holds close to 40 percent stake in the company.
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NEW DELHI: Mortgage lender HDFC on Friday said it has sold over 4.22 per cent stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs 899.43 crore. The sale of 3,10,00,000 equity shares representing 4.22 of the issued and paid-up share capital of Gruh was carried out through stock exchanges at the prevailing market price, HDFC said in a.
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DHFL promoters look to sell half of their stake for $1 billion 1 month ago By NBM Team NEW DELHI: Promoters of debt-ridden mortgage lender DHFL are in talks with private equity firms and are expecting to garner usd 1 billion (about Rs 6,900 crore) by selling nearly 50 per cent of their holdings, sources said.
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DHFL promoters expect $ 1 bn from 50% stake sale. There were earlier reports that DHFL may first sell wholesale real estate loans worth 17,000-18,000 crore to US-based Oaktree Capital before.