September 01, 2014

Press Release No. 1

News about Dewan Housing Finance Corporation Limited

The media had reports that "Prudential Fin to Sell 50 % in Pramerica to Dewan Housing.".

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Dewan Housing Finance Corporation Limited has vide its letter inter-alia stated," As a part of our growth strategy, we are continuously exploring opportunities across the spectrum of the Indian financial services industry. However, no agreement of the nature referred to in the report has crystallized nor has any such agreement been discussed at any meeting of the Board of Directors of DHFL, requiring intimation to the Stock Exchanges."