On Wednesday, April 20, HDFC Ltd has entered into an agreement to sell a 10% stake of HDFC Capital Advisors Ltd to Abu Dhabi Investment Authority (ADIA) for Rs 184 crore.
HDFC Capital is a wholly-owned subsidiary of HDFC Ltd & it manages private equity funds related to the realty sector. HDFC Capital plans to partner with technology firms to bring innovation to the realty sector.
“This investment by ADIA will enable HDFC Capital to leverage ADIA’s global expertise and experience to further propel HDFC Capital towards becoming a leading investment platform for global and local investors across multiple strategies and asset classes in the real estate and technology ecosystem,” said HDFC Ltd chairman, Deepak Parekh.
HDFC Capital manages a $3 billion funding platform that has recently been rated as one of the world’s largest private finance platforms in the development of affordable housing.
