Abu Dhabi Investment Authority to buy Rs. 2200 cr stake in IIFL Home Finance
The Abu Dhabi Investment Authority (ADIA) plans to purchase a 20% stake in IIFL Home Finance Limited for Rs.2,200 crore. According to IIFL Home Finance Limited, the additional money from the ADIA purchase would be used to continue its granular expansion plan into new markets. Abu Dhabi Investment Authority (ADIA) is expected to purchase a 20% interest in IIFL Home Finance Limited in one of the largest equity investments in India's affordable home finance market. The business will pay Rs 2,200 crore for the share, after which the mortgage lender's valuation would rise to Rs 11,000 crore, according to a filing with the BSE by IIFL Finance. This would be an investor's largest equity investment in India's affordable home financing market. According to a press release from IIFL Finance, "On June 10, 2022, leading non-banking financial company IIFL Finance Limited announced that its wholly owned subsidiary IIFL Home Finance Limited, one of India's largest ...