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Exclusive: Dewan Housing Finance seeks to acquire micro lending firm


Mumbai-based listed housing finance firm Dewan Housing Finance Corporation Ltd (DHFL) is seeking to acquire a small lending company to diversify its asset base and increase its financial inclusion agenda, two persons familiar with the development told VCCircle.  The acquisition will help the firm enhance presence in the rural areas and target the lower income group which is similar to the client base catered to by group firms Aadhar Housing Finance Ltd and DHFL Vysya Housing Finance Ltd that have been going through a restructuring exercise to become a single entity. The company is also consolidating its distribution focus on...

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DHFL Vysya Housing Finance Ltd. is a housing finance company. It offers housing loans, mortgage loans and accepts deposits from the general public, companies, societies, associations, and trusts. The company was founded in 1990 and is based in Karnataka, Bangalore. DHFL Vysya Housing Finance Ltd. operates as a subsidiary of Dewan Housing Finance Corporation Ltd.

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