Delaware formed partnership ventures into Indian finance sector
AHVF II Holdings Singapore II Pte Ltd’s acquisition of certain compulsorily convertible preference shares of Hero FinCorp Limited (HFL) of India has been approved on 4 April 2022 by the Competition Commission of India (CCI) under Section 31(1) of the Competition Act, 2002.
AHVF, a private limited company incorporated in Singapore, is owned by investment funds managed by affiliates of Apollo Management which is a limited partnership formed in accordance with the laws of the State of Delaware.
Investment funds managed by affiliates of Apollo invest in companies and debt issued by companies involved in various businesses throughout the world.
HFL, incorporated in India, is primarily engaged in the business of financing and related financial services. HFL is registered as a systemically important non-deposit taking non-banking finance company with the Reserve Bank of India. HFL’s sole wholly owned subsidiary, Hero Housing Finance Limited offers a range of housing loans and loans against property to various segments of society. fiinews.com
