A recent deal in Housing finance sector

Dewan Housing Finance Corporation Limited (DHFL) and its subsidiary DHFL Vysya Housing Finance Limited (DVHFL) have promoted a housing finance company – Aadhar Housing Finance Private Limited (AHFL).

International Finance Corporation, a member of the World Bank Group, proposes to subscribe upto 20% of the paid up capital of AHFL aggregating to INR 200 million and DHFL and DVHFL will together hold the remaining 80% of the paid-up capital of AHFL. In the initial period, AHFL proposes to target market in retail housing loans in the low income segment of the population in certain states in India.