Crisis-hit Dewan Housing Finance Corporation (DHFL) has been exploring options to rope in strategic investors. The company is looking at turning into a pure play retail company .
It is a two pronged strategy. First is to remedy the wholesale business
asset-liability mismatch and on the other hand create it as a pure play retail company which is more appealing to the buyers.
For the wholesale business, DHFL is in talks with Oaktree whereby Oaktree could be taking up about half of their wholesale business. It could be around Rs 20,000 crore.