India: HFFC may raise $45m from Morgan Stanley PE

India: HFFC may raise $45m from Morgan Stanley PE

Jerry Rao, founder and director of Home First Finance Co. Photo: Abhijit Bhatlekar/Mint

Mumbai-based private housing finance company Home First Finance Co. India Pvt. Ltd (HFFC) is in talks with private equity fund Morgan Stanley Private Equity to raise around Rs300 crore, said two people aware of the development.

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