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Tuesday, May 17, 2022

HDFC set to sell 10% in HDFC Capital

ADIA is also the primary investor in the alternative investment funds managed by HDFC Capital. Set up in 2016, HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 & 3.

By: ENS Economic Bureau | Mumbai |
April 21, 2022 6:05:02 am
Banking and Finance, HDFC Capital, Abu Dhabi Investment Authority, HDFC Bank, HDFC Limited, Business news, Indian express business news, Indian express, Indian express news, Current AffairsDeepak Parekh, chairman, HDFC Ltd, said, “This investment by ADIA will enable HDFC Capital to leverage ADIA’s global expertise and experience...”

HDFC Ltd has entered into binding agreement to sell 10 per cent of the share capital of HDFC Capital Advisors Ltd to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for Rs 184 crore.

ADIA is also the primary investor in the alternative investment funds managed by HDFC Capital. Set up in 2016, HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 & 3.

Deepak Parekh, chairman, HDFC Ltd, said, “This investment by ADIA will enable HDFC Capital to leverage ADIA’s global expertise and experience…”

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