DHFL promoters ready to sell controlling stake to global PE funds

Firm plans to raise Rs 7,000-8,000 cr of fresh equity capital

The promoters of Dewan Housing Finance Corporation (DHFL) are willing to give up their controlling stake to global private equity (PE) funds, according to people in the know. They said the firm is looking to raise Rs 7,000-8,000 crore of fresh equity capital, at a substantial premium to the market price.
 
The Wadhawan group controls 39.21 per cent and was earlier looking to reduce its stake by half and retain joint control of the firm with PE investors. The market capitalisation of the company, at the close of trade on Wednesday, was Rs 2,366 crore. The promoters are in