One of the country's largest real estate financing firms, Dewan Housing Finance has big plans for growth. Not only is it gearing up to enter the insurance sector, it is also set to raise Rs 500 crore. CNBC-TV18's Kritika Saxena caught up with its chairman Kapil Wadhwan, on the sidelines of the launch of its new VC fund, and began by asking him on his plans.
Wadhwan said, "One business that interests us is in the financial services sector again, which has extremely long-term potential. We believe that in DHFL, we have now attained a size and scale to look at some of these newer ideas. Insurance sector is one sector, which is of interest, both on life as well as on non-life. And to that effect, we are already in discussion with prospective partners to get into this space."
As a growing business, he said, we continue to need equity and clearly there are plans on the anvil to raise equity from the markets. "In what form that comes - whether it's in the form of private equity or QIP or a rights issue - we still have some time to determine the best route to take for this equity raise."
