- December 16, 2022
- Posted by: Bastion team
- Category: World News
The two exits — small and the big ones — were announced in quick succession.
The Pune-based
A couple of days earlier,
An affordable housing finance company National Trust Housing has a loan book size of over Rs.300 crore and is present in 17 locations in four southern states.
As per the agreement, Centrum Housing will acquire the housing finance business including the loan portfolio, branches and employees.
However, industry players and experts told IANS that the two exists doesn’t mean a shake out or consolidation happening in the housing finance sector but shows the potential and interests of players.
If a private equity major like TPG is investing in the housing finance sector, it shows the growth potential, industry experts told IANS.
In February 2020, a fund managed by Morgan Stanley PE Asia, invested approximately Rs 190 crore to acquire a minority stake in Centrum Housing Finance.
On the exit of Poonawalla Fincorp, Sanjay Agarwal, Senior…