Apurv Bagri to buy Andromeda from DHFL parent for Rs 150 crore

Mumbai: Non-resident Indian businessman Apurv Bagri is set to buy Andromeda Sales and Distribution from Wadhawan Global Capital, which owns cash-strapped Dewan Housing Finance Limited. Bagri’s Metdist Group will buy Andromeda — one of India’s biggest loan distributors — for about Rs 150 crore, said one person familiar with the matter.

The decision to sell the firm is part of WGC’s efforts to raise cash as lenders to DHFL look to resolve the crisis in the housing finance company.

Email questions to Metdist’s Rajan Mittal and WGC on the matter went unanswered. Andromeda’s CEO V Swaminathan and COO Raoul Kapoor, too, did not respond to queries.


Metdist, founded by Lord Raj Bagri, owns Atyati Technologies, a Bengaluru-based fintech company and jeans maker Spykar.