Deal Corner
September 01, 2010
Dewan Housing Finance Corporation Limited and its subsidiary DHFL Vysya Housing Finance Limited have promoted a housing finance company

DEAL BRIEF

Dewan Housing Finance Corporation Limited ("DHFL") and its subsidiary DHFL Vysya Housing Finance Limited ("DVHFL") have promoted a housing finance company – Aadhar Housing Finance Private Limited ("AHFL").

International Finance Corporation, a member of the World Bank Group, proposes to subscribe upto 20% of the paid up capital of AHFL aggregating to INR 200 million and DHFL and DVHFL will together hold the remaining 80% of the paid-up capital of AHFL. In the initial period, AHFL proposes to target market in retail housing loans in the low income segment of the population in certain states in India.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsel to DHFL, DVHFL and AHFL and were involved in the process of negotiating and finalising the transaction documents in relation to this transaction.

Disclaimer

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We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

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Deal Corner

September 01, 2010

Dewan Housing Finance Corporation Limited and its subsidiary DHFL Vysya Housing Finance Limited have promoted a housing finance company

DEAL BRIEF

Dewan Housing Finance Corporation Limited ("DHFL") and its subsidiary DHFL Vysya Housing Finance Limited ("DVHFL") have promoted a housing finance company – Aadhar Housing Finance Private Limited ("AHFL").

International Finance Corporation, a member of the World Bank Group, proposes to subscribe upto 20% of the paid up capital of AHFL aggregating to INR 200 million and DHFL and DVHFL will together hold the remaining 80% of the paid-up capital of AHFL. In the initial period, AHFL proposes to target market in retail housing loans in the low income segment of the population in certain states in India.

OUR ROLE

We, at Nishith Desai Associates, acted as legal counsel to DHFL, DVHFL and AHFL and were involved in the process of negotiating and finalising the transaction documents in relation to this transaction.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.