Poonawalla Fincorp to sell housing finance arm to TPG for ₹3,900 cr

Poonawalla Fincorp announced sale of its housing finance subsidiary, Poonawalla Housing Finance Ltd, to private equity firm TPG for ₹3,900 crore. The transaction is being carried out by Perseus SG Pte Ltd, an entity affiliated with TPG Global, LLC, the statement said. The housing finance company had assets under management of ₹5,612 crore as of September 2022.