TA Associates eyes stake in Vastu Housing Finance

Private equity firm TA Associates will acquire a significant stake in Multiples PE-backed Vastu Housing Finance Corp. Ltd, Mint reported on Tuesday, 21 May.

The deal will be worth about $400 million, valuing Vastu Housing Finance at about $1.4 billion, the report said, citing people aware of the discussions.

Vastu Housing Finance was valued at about $1.2 billion in February, startup market research firm Tracxn data showed.

Existing investors raising the stakes in the Mumbai-based housing finance company include Norwest Venture Partners,360 one Asset Management and Creation investments India are,  the report said, adding that Multiples PE, which holds a majority stake in Vastu, will sell its stake in this round.