Debt-laden Dewan Housing Finance Corporation (DHFLNSE 5.70 %) on Wednesday said it has received the Securities and Exchange Board of India's (Sebi) approval to exit its mutual fund business by selling its 50 per cent stake to Prudential Financial.
The company had entered an agreement with Prudential Financial to divest its 50 per cent holding in DHFL Pramerica Asset Managers (DPAMPL) -- 17.12 per cent held directly and 32.88 per cent held by its wholly-owned subsidiary, DHFL Advisory &a ..
