A unit of Abu Dhabi Investment Authority (Adia) will acquire a 10 per cent stake in Indian real estate fund management business HDFC Capital
Indian mortgage lender HDFC will sell a 10 per cent stake in its subsidiary HDFC Capital Advisors to a subsidiary of sovereign wealth fund Abu Dhabi Investment Authority (Adia).
The stake to be sold is valued at INR1.84bn ($24m).
HDFC Capital is a wholly-owned subsidiary of HDFC and manages private equity funds targeting real estate developments in India. Its core focus is to provide "long-term, flexible debt for affordable and mid-income housing developments in India".
Adia has previously invested $3bn in three affordable real estate funds managed by HDFC Capital: H-Care 1, 2 and 3.
Established in 1976 to manage funds on behalf of the Abu Dhabi government, Adia oversees assets worth nearly $698bn, according to estimates from the Sovereign Wealth Fund Institute.
Related reads:
You might also like...
Iran-US talks see earnest engagement
27 February 2026
Kuwait receives bids for $400m Subiya utilities plant works
27 February 2026
A partner’s perspective on working with Sharakat
27 February 2026
Egypt’s Obelisk equity move merits attention
27 February 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
