Abu Dhabi Investment Authority
HDFC divests 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr
The country's largest mortgage lender HDFC Ltd on Thursday said it has sold 10 per cent of its stake in HDFC Capital Advisors Ltd (HCAL) to Abu Dhabi Investment Authority for Rs 184 crore. With this, HCAL ceases to be a wholly-owned subsidiary of HDFC. In April, Housing Development Finance Corporation (HDFC) had entered into a share purchase agreement for sale of 2,35,019 equity shares of HCAL, representing 10 per cent of paid-up share capital, to a wholly-owned subsidiary of Abu Dhabi Investment Authority. "We wish to inform you that the corporation has on May 25, 2022 concluded the sale, at a price of Rs 7,841.49 per equity share, aggregating to a consideration of Rs 184.29 crore," HDFC said in a regulatory filing. Pursuant to this sale, HCAL has ceased to be a wholly-owned subsidiary of HDFC. However, it continues to be a subsidiary of the corporation, it added. Stock of HDFC traded at Rs 2,282 apiece on BSE during noon trade, up by 1.99 per cent from previous close.
 "HDFC divests 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr")
HDFC to sell 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr
HDFC Capital is a wholly owned subsidiary of HDFC and is in the business of managing private equity funds focused on the real estate sector in India.
 "HDFC to sell 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr")
Lake Shore looks at $100 mn from Apollo Global to buy Viviana Mall
The proceeds will be used to fund the acquisition of Viviana Mall in Thane on Mumbai's outskirts, said a source in the know
 "Lake Shore looks at $100 mn from Apollo Global to buy Viviana Mall")
India grants UAE investment licence with easier norms on compliance
Category-I licence implies lower compliance burden and investment restrictions, simplified KYC norms and documentation requirements
 "India grants UAE investment licence with easier norms on compliance")
Budget 2021: Special window for big-ticket foreign investments likely
Facility to be available for FDI proposals worth over Rs 3,000 cr
 "Budget 2021: Special window for big-ticket foreign investments likely")
NIIF completes fund raise for $2.3 bn Master Fund in fifth and final round
PSP Investments, DFC of US, Axis Bank ink pact for $107 million cumulative commitment; International investors have rights to co-invest an additional $3 billion
 "NIIF completes fund raise for $2.3 bn Master Fund in fifth and final round")
Top headlines: Tata sons to raise stake in AirAsia; Serum seeks damages
From Tata Sons raising stakes in AirAsia to putting off artillery import embargo, here are top headlines this morning
 "Top headlines: Tata sons to raise stake in AirAsia; Serum seeks damages")
Shapoorji's $1.2 bn deal with ADIA on hold over debt issues, coronavirus
The group had planned to launch a $1.2-billion venture with ADIA, wherein the partners were to raise the money in two tranches of $600 million each
 "Shapoorji's $1.2 bn deal with ADIA on hold over debt issues, coronavirus")
RIL secures Rs 7,558 cr investment in digital fibre infrastructure trust
The fibre optic unit, which was earlier part of Reliance Industries Limited's (RIL) subsidiary Reliance Jio, has a debt of Rs 87,296 crore, which includes suppliers' credit
 "RIL secures Rs 7,558 cr investment in digital fibre infrastructure trust")
Abu Dhabi's ADQ pumps $1 billion into Lulu Group's Egypt expansion
ADQ, formerly known as Abu Dhabi Development Holding Co., will team up with Lulu to develop up to 30 hypermarket stores and other operations across the Arab world's most populous nation
 "Abu Dhabi's ADQ pumps $1 billion into Lulu Group's Egypt expansion")
Abu Dhabi Investment Authority invests Rs 5,512.50 cr in Reliance Retail
With eight deals in four weeks, analysts were expecting the valuation of the firm to touch at least Rs 4.5 trillion
 "Abu Dhabi Investment Authority invests Rs 5,512.50 cr in Reliance Retail")
A tale of jittery bankers, a stalled deal and GVK's Adani embrace
August-end loan deadline brought GVK to negotiating table
 "A tale of jittery bankers, a stalled deal and GVK's Adani embrace")
Battle for MIAL: Foreign investors serve legal notice on GVK group
Call Mumbai airport stake sale to Adani a breach of agreement
 "Battle for MIAL: Foreign investors serve legal notice on GVK group")
Bidvest moves Delhi HC against GVK, investors in airports holding firm
The lawsuit, filed on Monday, comes at a time when the Union government is seeking foreign direct investment in India, promising ease of doing business to overseas investors.
Sovereign wealth funds to get tax relief on infrastructure bets: CBDT
CBDT notifies changes that will also apply to pension funds
 "Sovereign wealth funds to get tax relief on infrastructure bets: CBDT")
Market Ahead, June 8: Top factors that could guide markets this week
The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues
 "Market Ahead, June 8: Top factors that could guide markets this week")
RIL to sell 1.16% in Jio to Abu Dhabi Investment Authority for Rs 5,684 cr
8th investment values firm at Rs 4.9 trn on equity value basis
 "RIL to sell 1.16% in Jio to Abu Dhabi Investment Authority for Rs 5,684 cr")
Abu Dhabi's Mubadala to buy 1.85% stake in Jio Platforms for 9093.6 crore
Other recent investors in Jio Platforms are private-equity firms General Atlantic, Silver Lake, Vista Equity Partners, and KKR & Co Inc .
 "Abu Dhabi's Mubadala to buy 1.85% stake in Jio Platforms for 9093.6 crore")
NIIF eyes $1 bn more from overseas investors in fresh fundraising round
The fund already has commitments from two sovereign wealth funds-- Abu Dhabi Investment Authority and Singaporean Temasek
Abu Dhabi Investment Authority commits $500 million for Kotak's AIF
The fund will target both pre-stress as well as distressed opportunities
 "Abu Dhabi Investment Authority commits $500 million for Kotak's AIF")
