Indiabulls Housing Finance buys back Amaprop’s 42.5 percent stake in subsidiary for $42.5 mln

Residential Finance Selects Industry Veteran Chris Derrow to Lead New Division

This means it will encash around 2x in Indian currency in its eight-year old investment though on repatriation its returns would translate into 41 per cent gains in US dollar terms. With the buyback, Indiabulls Finance has become a wholly owned arm of Indiabulls Housing Finance, one of the largest private housing finance firms in the country. Indiabulls Housing Finance has a loan book of Rs 37,000 crore (having grown at a CAGR of 26 per cent in the last five years). — Copyright 2013

Markets closed YOUR FRIENDS’ ACTIVITY prev next Residential Finance Selects Industry Veteran Chris Derrow to Lead New Division Derrow to leave Presidents role at Trident Holdings to launch new joint venture division for nationwide mortgage lender Press Release: Residential Finance 13 hours ago Chris Derrow (Photo: Business Wire) Multimedia Gallery URL COLUMBUS, Ohio–(BUSINESS WIRE)– Residential Finance , an award-winning nationwide mortgage lender, is pleased to announce its recent hire of Chris Derrow as President of the Core Services Division. In his role, Derrow will head a new division to establish new ventures with real estate brokers and builders to improve the delivery of homeownership-related services. Derrows new role with Residential Finance was designed in tandem with Residential Finances creation of its first structured relationship with HER Realtors, which was announced August 6th. HER Realtors is a prominent real estate brokerage established in 1956 and based in Columbus, Ohio. More than 800 associates call HER Realtors their home, operating out of nearly 60 offices throughout central Ohio, Dayton and Cincinnati.


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