India: TPG Capital to buy ICICI Bank's home finance arm for $312m

India: TPG Capital to buy ICICI Bank's home finance arm for $312m

Visual from Mint.

ICICI Bank Ltd, India’s largest private sector lender, has agreed to sell its mortgage lending unit to American private equity firm TPG Capital for Rs.2,100 crore ($312 million), according to a person directly familiar with the development.

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