Dewan Housing Finance Corporation (DHFL) has received an approval from the National Housing Bank (NHB) to sell its entire stake of 9.15% in Aadhar Housing Finance to Blackstone’s arm. The divestment of the company’s stake in Aadhar is expected to be completed shortly.
DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.