Dewan Housing Finance Corporation (DHFL) is planning to divest its entire stake in subsidiary firms DHFL Pramerica Asset Managers (DPAMPL) and DHFL Pramerica Trustees. The company has been facing liquidity crisis and has recently defaulted on its repayment obligations.
The company has resorted to various modes of fund mop-up including selling stake in subsidiary firms to meet its debt obligations. The company has already entered into binding term sheet with PGLH of Delaware Inc (Prudential) for divestment of its stake entire shareholding of 50 per cent in DPAMPL.
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.
Company Name | CMP |
---|---|
LIC Housing Finance | 653.65 |
Indiabulls Housing | 168.00 |
Housing & Urban Dev. | 219.60 |
PNB Housing Finance | 795.35 |
Can Fin Homes | 768.40 |
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