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DHFL gets nod to sell stake in Asset Management Business

18 Dec 2018 Evaluate

Dewan Housing Finance Corporation (DHFL) has received approval to disinvest to PGLH of Delaware, Inc, the entire shareholding held in DHFL Pramerica Asset Managers, both directly 17.12% through the company and 32.88% through the company's wholly-owned subsidiary, DHFL Advisory & Investments and 50% held by the company in DHFL Pramerica Trustees. The Board of Directors of the company at their meeting held on December 18, 2018, approved the same.

DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.

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