DSK, CAM, NDA on True North’s $100 million investment in Home First FinanceApril 26 2017
True North has acquired a controlling stake in Home First Finance Company Private Limited (HFFC), a housing finance company engaged in providing affordable housing loans to low and middle income groups for about $100 million (Rs. 667 crore).
The transaction is a combination of a fresh issue and a secondary sale. Out of the $100 million, True North will invest about half in the company and the rest will be paid to existing shareholders, reported
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