DHFL divests stake in 2 AMC entities

Dewan Housing Finance Corporation Ltd (DHFL) has completed divestment of its stake in DHFL Pramerica Asset Managers and DHFL Pramerica Trustees to PGLH of Delaware Inc.

DHFL held 17.12% directly while 32.88% stake was held through the company's wholly-owned subsidiary, DHFL Advisory & Investments. The company has completed divestment of its stake in DHFL Pramerica Trustees, where 50% stake was held directly by the company, to PGLH of Delaware Inc., the acquirer.

DHFL is one of India’s premier housing finance companies and is among the oldest private sector housing finance companies (HFC) in India.

The stock of the company on Wednesday opened at Rs. 49.65 against Tuesday’s close of Rs. 50. At closing hours, it was trading at Rs.49.30, 1.40 per cent lower than its previous close. The stock hit intra-day high of Rs. 50.75 and intra-day low of Rs. 48.50. Its 52-week high was Rs. 690 and 52-week low was Rs. 44.45 on the BSE.