India: Dewan Housing Finance may sell majority stake in Aadhar Housing Finance

Mortgage lender Dewan Housing Finance Corp. Ltd (DHFL) plans to sell a majority stake in its Aadhar Housing Finance Ltd unit, two people aware of the development said.

Aadhar Housing Finance, which provides housing loans for low- and middle-income customers, had a loan book of Rs1,736 crore as of 31 March 2016. DHFL has hired investment bank Rothschild to find a buyer, one of the two persons said on condition of anonymity.

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