DHFL’s promoters in talks with PE firms for stake sale; expect to raise Rs 6,900 crore

Promoters of debt-ridden mortgage lender DHFL are in talks with private equity firms and are expecting to garner USD 1 billion (about Rs 6,900 crore) by selling nearly 50 per cent of their holdings, sources said.   The Wadhawan family, the promoters of the company, currently holds close to 40 per cent stake in the company.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WHfL5j