Poonawalla Housing Fin stake sale leads to rating downgrade

[Bilgin]

Poonawalla Housing Fin stake sale leads to rating downgrade In a report issued on 18 August, Care Ratings said the rating downgrade has been due to “disassociation with Cyrus Poonawalla Group post the sale of 99% stake in the HFC (housing finance company) to private equity player TPG’s affiliate Perseus.”