DHFL Completes Avanse Financial Stake Sale, May Get Rs 303 Cr
  • WebDesk BTVI
  • Jul 31 2019

DHFL has completed the 30.63 per cent stake sale in Avanse Financial Services to Olive Vine Investment, and the mortgage lender is likely to get Rs 303 crore from the stake sale. Meanwhile, the firm's board is likely to approve the resolution plan soon, and sources say the lenders are in agreement to most of the terms in DHFL’s resolution plan. BTVI's Ankur Mishra gives more details on the story.