India Dealbook: AU Financiers to sell home finance biz; AMM Hospitality sells 26%

India Dealbook: AU Financiers to sell home finance biz; AMM Hospitality sells 26%

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The promoters and investors in Jaipur-based AU Financiers are in talks with global private equity funds to sell the home finance business for about $135-150 million. In a separate deal, event management firm AMM Hospitality Private Ltd has raised $1.5 million (about Rs 10 crore) by selling 26% stake in the company to four high net-worth individual investors.

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