CDC emerges frontrunner to invest in PE-backed home financier

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CDC Group Plc, the UK’s development finance institution, has emerged as the frontrunner to invest in an Indian housing financier, two sources told VCCircle. CDC is in discussions with Gurugram-based Shubham Housing Development Finance Company to invest as much as Rs 500 crore ($67 million), the individuals mentioned above said.  The nature ......