India's Poonawalla Fincorp to sell housing unit to TPG for $473m

India's Poonawalla Fincorp to sell housing unit to TPG for $473m

Serum Institute of India CEO Adar Poonawalla. Photo: Abhijit Bhatlekar/Mint

Global private equity firm TPG on Wednesday announced that it has signed definitive documents with Poonawalla Fincorp Limited to acquire its subsidiary, Poonawalla Housing Finance Limited (PHFL), for a pre-money equity valuation of $473 million (Rs 3,900 crore).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter