Financial Insights

HDFC sells 10% stake in subsidiary to ADIA

HDFC has announced that it will sell 10% stake of its wholly owned subsidiary to Abu Dhabi Investment Authority (ADIA).

HDFC Capital advisors is the investment management arm of HDFC which deals in real estate that is affordable and mid income. It manages multiple funds of HDFC and manages a platform of $3 billion. It is also one of the leading managers of alternative investments.

“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,” HDFC chairman Deepak Parekh said in a statement.

“HDFC Capital is one of India’s leading providers of affordable housing project finance, with an established track record of supporting the development of new residential stock across the country. This agreement builds on our successful investments in the H-CARE funds and underlines our belief in the positive long-term outlook for affordable and mid-market housing in India,” said Mohamed AlQubaisi, Executive Director of the Real Estate Department, ADIA.

Highlight by Aman Agarwal.

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