DHFL promoters look to sell half of their stake for $1 bn

DHFL promoters look to sell half of their stake for $1 billion june 13, 2019 PWC resigns as statutory auditor of Reliance Home Finance June 13, 2019 Gurugram: Realtech Realtors’ director arrested for duping buyers june 13, 2019

According to sources, promoters have also expressed their intent to quit the management. The sale. DHFL promoters look to sell half of their stake for $1 bn.

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New Delhi: Promoters of debt-ridden mortgage lender DHFL are in talks with private equity firms and are expecting to garner USD 1 billion (about Rs 6,900 crore) by selling nearly 50 per cent of their holdings, sources said. The Wadhawan family, the promoters of the company, currently holds close to 40 per cent stake in the company.

The government had mulled offloading around 10 percent stake in the PSU company to meet half of the divestment target of. Shareholders of Bharti Airtel on Wednesday approved a $1.2 billion deal to.

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Non-disposal undertaking will only be released when promoters begin repayment of outstanding loans. DHFL auditors may decide to resign ahead of the board meeting, scheduled for July 13. Axis Bank: Sources say, Axis Bank is said to pick JP Morgan, Citigroup among others for $1.3 Bn share sale.

Promoters of mortgage lender are in talks with private equity firms and are expecting to garner $ 1 billion (about Rs 6,900 crore) by selling nearly 50 per cent of their holdings, sources said.

Promoters of mortgage lender are in talks with private equity firms and are expecting to garner $1 billion (about Rs 6,900 crore) by selling nearly 50 per cent of their holdings.

DHFL Promoters Look To Promote Half Of Their Stake For $1 Billion; Minimal Registration Charges Down By MahaRERA, Rural Areas To learn; biggerpockets podcast 334: Utilizing Different Folks’s Cash To Fund Flips, Multifamily, & Self-Storage Offers With Ben Lapidus

According to the report, last year BofA and Barclays agreed to sell a 26.5 per cent stake, or about half their holdings, to Archstone competitor, Equity Residential for $1.3 billion.

Promoters of debt-ridden mortgage lender DHFL are in talks with private equity firms and are expecting to garner USD 1 billion (about Rs 6,900 crore) by selling nearly 50% of their holdings.

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