In July this year, DLF had announced exit from the life insurance business by selling its entire 74 percent stake in the JV with US insurance giant Prudential Financial. The JV was announced in 2007 and started operation in September 2008.
Jhunjhunwala purchased the shares of DHFL through the open market route, according to information available with the stock exchanges.
In Q1, the company maintained less than 1% gross NPA and net NPA of close to zero. Even during this quarter, it doesn't see too much of a worry. It hopes to achieve 18-20% growth in its retail housing loans by this fiscal year end, which it showcased in Q1.
India's largest realty firm DLF has said it added over 3,000 advisors in its insurance joint venture DLF Pramerica Life Insurance during last fiscal for the future growth of the business.