Manappuram Finance acquires Milestone Home Finance Company from Jaypee Hotels.

Non-banking finance company Manappuram Finance Limited (MFL) has signed a definitive agreement to acquire Milestone Home Finance Company from Jaypee Hotels for an undisclosed amount, the gold loan NBFC major announced recently.

The transaction, which is subject to relevant regulatory approvals, is part of Manappuram's strategy to diversify its business by entering the lucrative housing finance space, according to a press statement released by the company.

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