A financial services firm has announced that it has signed an agreement to divest its entire stake in its affordable housing finance business to another lending company for ?430 crore. The agreement, approved by the seller’s board, is subject to shareholder, regulatory, and other third-party approvals.

As of June 30, 2025, the housing finance business had assets under management of ?1,640 crore and operated across 100 locations, serving over 18,000 customers. It provides home loans, self-construction loans, home improvement loans, and loans against property.

Advisors were engaged on both sides of the transaction for financial, legal, and tax matters.

Commenting on the sale, a senior executive from the selling firm said that the housing finance business has seen sustained profitable growth since its inception. The executive added that the buyer is a capable and ambitious platform that will significantly scale and drive the operations of the housing finance business going forward.

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