TPG buys India's Poonawalla Housing Finance
TPG Capital Asia has agreed to acquire Poonawalla Housing Finance for a pre-money equity valuation of INR 39bn (USD 473m) and inject an additional INR 10bn to support growth.
Poonawalla Housing is being carved out from its parent company Poonawalla Fincorp, a non-banking financing company (NBFC) focused on rural areas known as Magma Fincorp until a rebrand mid-last year. Magma...
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