HDFC to sell 10pc stake in HDFC Capital for Rs 1.84b

Mortgage lender Housing Development Finance Corporation (HDFC) on Wednesday announced a 10 per cent stake sale in HDFC Capital Advisors to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for approximately Rs 1.84 billion, according to The Indian Express.
ADIA is also the primary investor in the alternative investment funds managed by HDFC Capital, the company informed in a statement.
HDFC Capital, which was set up in 2016, is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 and 3; and is aligned with the government's goal to increase housing supply and support the Pradhan Mantri Awas Yojana - 'Housing for All' initiative, the statement said.