Investor Presentaiton
PHFL Transaction - Update & Rationale
Update
Poonawalla Fincorp announced sale of its Housing Subsidiary
P
In Q3FY23, Poonawalla Fincorp board approved sale of its housing subsidiary Poonawalla Housing Finance Limited to TPG
(Perseus SG Pte. Ltd., an entity affiliated with TPG Global, LLC) at a valuation of INR 3,900 Crores.
Shareholders approval has been received and regulatory approval is under process.
► Shareholder Value Maximization
Maximize the shareholders' value in
the long term as Poonawalla Fincorp
focusses on building a Tech-Led
and Digital-First financial services
company, with leadership in
consumer & MSME financing.
Rationale
► Differentiated Business Models
In the best interest of both the entities
and all stakeholders considering the
different customer segments,
geographies, and distribution model.
Poonawalla Fincorp will continue to
focus on its growth coming from
Tech-Led businesses and a branch-
lite model while Poonawalla Housing.
will follow its own differentiated path as
a completely independent business.
► Resource Optimization and Focus
Will help both the entities focus on
maximizing value creation by
optimizing resource allocation and
increasing management focus on
their respective business needs.
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