Dewan Housing Finance Corporation completes divestment of its entire stake in Avanse Financial Services

Dewan Housing Finance Corporation has completed the transfer of 1,92,50,719 (30.63%) equity shares held by the company in Avanse Financial Services to Olive Vine Investment, an affiliate of the Warburg Pincus Group (acquirer) on 30 July 2019.

Accordingly, DHFL, Wadhawan Global Capital and other sellers i.e. Kapil Wadhawan and Dheeraj Wadhawan, all forming part of Promoter & Promoter Group of DHFL have completely exited Avanse with effect from today.

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