CDC emerges frontrunner to invest in PE-backed home financier

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 ......