Clix Cap to Buy Reli­gare Hous­ing for About 600 cr

The Economic Times - - Front Page -

Clix Cap­i­tal, the com­mer­cial lend­ing and leasing com­pany run by for­mer GE In­dia ex­ec­u­tives Pro­mod Bhasin and Anil Chawla, is likely to buy Reli­gare Hous­ing De­vel­op­ment Fi­nance from Reli­gare En­ter­prises for about .₹ 600 crore. Reli­gare En­ter­prises, which owns an 87.5% stake in the hous­ing fi­nance firm, is di­vest­ing its own­er­ship in var­i­ous com­pa­nies to tide over a cash crunch.

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