Deutsche Postbank AG of Germany has reached an agreement to sell its Indian mortgage lending unit to a buyer consortium led by Dewan Housing Finance Ltd.
Written by Express News Service
Mumbai |
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Deutsche Postbank AG of Germany has reached an agreement to sell its Indian mortgage lending unit to a buyer consortium led by Dewan Housing Finance Ltd.
The purchase price for the Indian mortgage lending subsidiary Deutsche Postbank Home Finance Ltd (DPHFL) will be in a range between Rs 1,054-1,079 crore (173-177 million euros) at current exchange rates.
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