National Housing Bank to acquire 12.5per stake in Mahindra Rural Housing Finance Venture

New Delhi: Mahindra Rural Housing Finance Ltd. (Mahindra Home Finance), a wholly owned subsidiary of Mahindra & Mahindra Financial Services Ltd. (MMFSL), today announced that the National Housing Bank (NHB) has agreed to acquire a 12.5% stake in the company. A subscription agreement between the two companies has been signed. As per this agreement, NHB will participate in the first two years’ capital raising programme(s) of Mahindra Home Finance.