Deal Brief: Dewan Housing Finance Limited ("DHFL"), along with its promoter group entity Wadhawan Housing Pvt Ltd and Caledonia Investments plc through its group entity, signed the definitive agreements for 100% acquisition of Deutsche Postbank Home Finance Ltd., a Housing Finance Company registered with National Housing Bank for a consideration of INR 1,079 crores (approx. USD 240 million). Following the acquisition, DHFL’s combined asset base will exceed INR 20,000 crores (approx. USD 4.44 billion). Our Role: We, at Nishith Desai Associates, acted as the legal, regulatory and tax counsel to DHFL for this transaction. |
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