India: ICICI Home Finance sale shelved as demonetisation dims real estate outlook

India: ICICI Home Finance sale shelved as demonetisation dims real estate outlook

Photo: Pradeep Gaur/Mint

ICICI Bank Ltd’s proposed sale of its home financing unit has been put on hold for the second time this year after talks with private equity fund TPG broke down amid disagreements over valuation and changed market conditions following the government’s demonetization move, according to two people familiar with the development.

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