ADIA buys a 10% interest in HDFC Capital from HDFC for Rs 184 Crore

India's leading mortgage lender HDFC has sold its 10 per cent stake in HDFC Capital to a subsidiary of the Abu Dhabi Investment Authority (ADIA) for around Rs 184 billion.

ADIA is also the first investor to invest in funds managed by HDFC Capital. Abu Dhabi In 1976, the Abu Dhabi Investment Authority established a globally diversified investment organization in Abu Dhabi.

HDFC Capital, a subsidiary of Universal Housing Development Corporation (HDFC), makes private equity investments in real estate in India.

     

Since 2016 HDFC Capital is the Investment Director for HDFC Capital Affordable Estates Real Estate 1, 2 and 3; And with the Government of India to increase the number of shelters and promote the Pradhan Mantri Awas Yojana.

HDFC Capital manages approximately $3 billion from the financing platform, recently ranked as one of the world's largest private financing platforms focused on affordable housing.

Deepak Parikh, Chairman of HDFC, said: “Six years ago, we established HDFC Capital with the aim of furthering the government's goal of providing housing for all by increasing the supply of affordable housing in India.

Backed by well-known global investors such as ADIA, the funds managed by HDFC Capital have grown into one of the world's leading private companies in the development of additional affordable housing.