Dewan Housing Finance in talks to buy stake in DLF Pramerica Life Insurance: Report

Piramal Finance Ltd. | Finance - Housing | BFSI | BSE: 544597 | NSE: PIRAMALFIN

28 Jun 2013 Evaluate

Dewan Housing Finance (DNFL), the third largest housing finance firm in India, is reportedly in talks to buy majority stake in DLF Pramerica Life Insurance Company, a joint venture with US-based Prudential Financial. Meanwhile, DLF is likely to exit the insurance company at a marginal premium over the Rs 235 crore it had invested for a 74% stake in JV with Prudential Financial.

DHFL is among the oldest private sector Housing Finance Companies (HFC) in India. It is the third-largest housing finance firm.

Peers

Company Name	CMP
LIC Housing Finance	564.30
Housing & Urban Dev.	168.65
Piramal Finance	2151.20
Bajaj Housing Fin.	82.49
PNB Housing Finance	1081.70
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.