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Reliance Home Finance Ltd (RHFL) on Tuesday said it has entered into exclusive discussions with an overseas institutional investor for a potential equity investment in RHFL, along with an appropriate governance framework.
RHFL, in a statement, said the discussions are subject to confirmatory due diligence, definitive documentation, and necessary approvals. There can be no certainty at this stage that any transaction will result, it added. Further announcements will be made as appropriate in due course, the company said.
As on March 31, 2018, RHFL had a net worth of Rs 1,744 crore ($256 million) and assets under management of more than Rs 16,000 crore ($2.4 billion).
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