India Digest: Morgan Stanley eyes Centrum Housing Finance; Varde buys office asset

India Digest: Morgan Stanley eyes Centrum Housing Finance; Varde buys office asset

A pedestrian is reflected in the exterior of Morgan Stanley headquarters in New York, U.S., on Thursday, July 12, 2018. Photographer: Bess Adler/Bloomberg

A private equity fund managed by Morgan Stanley has emerged as the frontrunner, among a couple of other PE funds, to pick up a 20 per cent stake in Centrum Group’s housing finance subsidiary. In another development, Varde Partners has acquired an office building in Mumbai.

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