Dewan Housing Finance (DHFL) is in advanced talks for selling 23% stake to its US-based partner Prudential Financial. The final decision on valuation and other issues is going on and is likely to be reached by March.
DHFL acquired 74 per cent stake in DLF Pramerica Life Insurance in 2013. Following this, the company achieved the break-even level. At the end of March 2015, the insurance firm had earned a profit of about Rs 40 crore.
Dewan Housing Finance Corporation is among the oldest private sector Housing Finance Companies (HFC) in India.
