Dew an Housing Finance Corporation (DHFL) promoted by the Wadhwan group, commenced operations in 1984. DHFL w ith a total AUM of INR 448.2bn is the 3rd largest housing finance company w ith a market share of nearly~ 4% and operates through a network of ~450outlets. In the March quarter of FY13, DHFL merged its subsidiary First Blue Home Finance (loan book of INR 63bn) w ith itself . With this the company straddles across the upper, middle and low income housing segment. In FY12, the company divested a chunk of its stake in DHFL Vysya Housing Finance to the pr omoters of DHFL. DHFL holds a 14.9% stake in...