India: DHFL parent WGC said to sell its loan distribution unit to Metdist Group

India: DHFL parent WGC said to sell its loan distribution unit to Metdist Group

Photo: Mint

Wadhawan Global Capital (WGC), the parent of cash-strapped Dewan Housing Finance Corp. Ltd (DHFL), is selling its loan distribution business Andromeda Sales and Distribution Pvt. Ltd to London-based metal trading firm, Metdist Group of companies for close to 150 crore, two people aware of the development told Mint, seeking anonymity.