DHFL completes sale of stake in Aadhar Housing


One of India’s largest mortgage lender, Dewan Housing Finance Corp Ltd, DHFL, said it has paid off its debt and it has completed the sale of its stakes in Aadhar Housing.

DHFL said in a statement that it paid a total of 100.2 million rupees ($1.44 million) in interest on four non-convertible debentures (NCD) and principal of 350 million rupees.

The company said it made the stake sale to a company backed y America’s Blackstone Group LP.

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