EQT Acquires Niwas Housing Finance for Rs 500 Crore to Increase Reasonably priced Housing in India, ETCFO

EQT Acquires Niwas Housing Finance for Rs 500 Crore to Increase Reasonably priced Housing in India, ETCFO

Swedish fund EQT has accomplished the acquisition of Niwas Housing Finance Restricted, previously generally known as Indostar House Finance, from IndoStar Capital Finance Restricted, in line with an organization assertion. EQT will make investments Rs 500 crore ($58 million) as progress capital to help geographic enlargement and improve digital capabilities of Niwas. Based in 2017,…

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Why RBI initiates insolvency proceedings in opposition to Aviom India Housing Finance?, ETCFO

Why RBI initiates insolvency proceedings in opposition to Aviom India Housing Finance?, ETCFO

Days after the regulatory motion on the Aviom India Housing Finance Personal Restricted, superseding the board of administrators, the Reserve Financial institution of India (RBI) on Thursday initiated the insolvency proceedings in opposition to the corporate. The central financial institution has constituted a three-member Advisory Committee to help the Administrator in discharge of his duties….

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