DHFL was established and incorporated by Rajesh Kumar Wadhawan on 11 April 1984. The name of the company was changed to Dewan Housing Development Finance Ltd. and later to Dewan Housing Finance Corporation. In 2010, DHFL acquired the Deutsche Postbank Home Finance unit for ₹1079 crores. On 18 December 2013, DHFL acquired a 74% stake in DHFL Pramerica Life Insurance Company Ltd
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