Poonawalla Fincorp at its board meeting held on December 14, authorised sale of its housing subsidiary Poonawalla Housing Finance Ltd to TPG (Perseus SG Pte. Ltd., an entity affiliated with TPG Global, LLC) at a valuation of Rs. Three,900 Crores, difficulty to regulatory approvals. The transaction will maximize the shareholders’ value in the long term as Poonawalla Fincorp focusses on building a Tech-Led and Digital-First economic services organisation, with leadership in consumer & MSME financing. Poonawalla Fincorp will preserve to paintings towards accomplishing its said Vision 2025 at a standalone degree with attention on Growth, Asset Quality and Profitability.
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