IFC to buy 20% stake in DHFL's new NBFC

01 Mar 2013 CW Staff

International Finance Corporation (IFC) is planning to acquire a 20 per cent stake in DHFL-promoted Avanse Financial Services (Avanse), a specialised greenfield NBFC. The Corporation is planning to invest upto Rs 12.5 crore for a 20 per cent stake in Avanse. This company will leverage the existing infrastructure platform of DHFL, spread over 400 locations with a strong presence in the states of Andhra Pradesh, Karnataka, Maharashtra, Tamil Nadu and National Capital Region. Contact: International Finance Corporation.

Tel: 011-4111 1000.
Fax: 011-4111 1001. Website: www.ifc.org

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