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Poonwalla Fincorp's housing unit provides loans and insurance to consumers and small and medium-sized businesses.
Founded in 1989 and based in Pune, India, Poonwalla Fincorp's housing unit provides consumer and small and medium-sized business financing. Its products include personal, business, professional, medical, and home loans, as well as insurance. In December 2022, TPG and the company's management agreed to acquire the unit from Magma Fincorp Limited for INR 39 billion, with up to INR 10 billion in additional equity capital planned.
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