Arpwood Partners to acquire majority stake in SEWA Grih Rin with equity commitment of Rs 680 crore.

Arpwood Partners Fund I LLP has agreed to acquire a majority stake in SEWA Grih Rin, an affordable housing finance company, with an equity commitment of Rs 680 crore. The company has entered into an agreement with Arpwood Partners and some existing shareholders to raise equity capital of Rs 705 crore for business growth. The deal is still pending approval from the Reserve Bank of India. Existing investors will continue to remain invested in the company. [Extracted from the article]