HFFC listing to see a partial exit by PE firm True North
The proposed IPO will see the company and its shareholders sell shares worth around ₹1,500 cr
The proposed initial share sale of the company comes at a time when non-bank lenders, especially mortgage financiers, have seen tough times due to a credit crunch that has hit the sector
Mumbai: Homegrown private equity firm True North is looking to partly exit its investment in mortgage financier Home First Finance Co. Ltd (HFFC), through an initial public offering (IPO), according to a draft prospectus filed by the company.
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