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Motilal Oswal group evaluates sale of home finance arm


//business-finance.news-articles.net/content/202 .. al-group-evaluates-sale-of-home-finance-arm.html
Published in Business and Finance on by Mint   Print publication without navigation

The affordable housing finance lender started operations in 2014 as Aspire Home Finance Corp. and has a loan book of ₹4,098 crore

The Motilal Oswal Group is considering the sale of its home finance division, Motilal Oswal Home Finance Ltd., as part of a strategic review to focus on core businesses. The group has engaged Avendus Capital to explore potential buyers, with the sale potentially valuing the home finance arm at around ₹1,000 crore. This move comes amidst a broader industry trend where non-bank financial companies (NBFCs) are reevaluating their business portfolios. Motilal Oswal Home Finance, which focuses on affordable housing loans, has been operational for about 15 years and has a loan book of approximately ₹1,300 crore. The decision to sell is driven by the need to streamline operations and possibly due to the competitive pressures and regulatory changes affecting the housing finance sector.

Read the Full Mint Article at:
[ https://www.livemint.com/companies/news/motilal-oswal-group-evaluates-sale-of-home-finance-arm-11737884839692.html ]

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