HDFC has emerged as the frontrunner to acquire Canara Bank’s 30% stake in the housing finance company Can Fin Homes, according to media reports. HDFC has raised Rs13, 000cr and may use part of this money to fund this stake buying. Can Fin Homes' portfolio has a decent credit profile, which aligns with HDFC’s credit profile requirement. If the acquisition goes through, it will be a positive for Can Fin Homes, as it would be part of HDFC group, a leading player in Housing Finance.
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