DHFL gets nod for stake sale in Aadhaar Housing

Mumbai: The National Housing Bank has approved Dewan Housing Finance Corp. Ltd (DHFL)’s proposed divestment in Aadhaar Housing Finance.  Accordingly, the divestment of the company’s stake in Aadhar is  expected to be completed shortly, DHFL said in a press note after markets hours to the exchanges on Tuesday. In February, the special committee of DHFL’s board of directors had accorded approval to disinvest the company’s entire 9.15% stake in Aadhaar Housing Finance to BCP Topco VII Pte Ltd, which is controlled by private equity funds managed by Blackstone.