Cobrapost impact: Wadhawan group to bring strategic investor for DHFL

Deal likely in 90 days, they say; promoter holding to be diluted on expanded equity

The Wadhawans, promoters of Dewan Housing Finance Corporation (DHFL) are planning to rope in strategic investor to infuse fresh equity into company.

In a analyst call, Kapil Wadhawan, chairman, Wadhwan Global Capital Ltd ( WCG) said there are already active discussions about roping in strategic investors. The deal is likely to be finalised in 90 days. WCG is promoter holding company of the group.

The promoter holding will be diluted in the expanded equity of DHFL. The talks for getting strategic investor have gathered pace due to hostile market conditions after the so-called cobrapost expose.

Last week, media