SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Dewan Housing to acquire 50% stake in PAMC and PTC from PGLH

28 Oct 2014 Evaluate

Dewan Housing Finance Corporation (DHFL) has approved the acquisition of 50% of the equity share capital of Pramerica Asset Managers (PAMC), the asset management company of Pramerica Mutual Fund (PMF) and Pramerica Trustees (PTC), the trustee for the Pramerica Mutual Fund, from PGLH of Delaware Inc. (Prudential) at a total cash consideration of around Rs 24.49 crore.

After the completion of the proposed acquisition, DHFL and Prudential group shall become 50:50 shareholders of PAMC and PTC and DHFL shall become the co-sponsor of PMF.

Last year, DHFL and Prudential Financial Inc. created a life insurance joint venture, DHFL Pramerica Life Insurance Co. which serves the life insurance needs of customers across cities and towns in India.

Dewan Housing Finance Corporation is among the oldest private sector Housing Finance Companies (HFC) in India.

 

Piramal Finance Share Price

2017.85 102.85 (5.37%)
08-May-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×