Hdfc Capital Advisors
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")
Shapoorji eyes tie-up with IFC, HDFC Capital Advisors for low-cost housing
Plans to build homes in the Rs 10 lakh to Rs 20 lakh category on the peripheries of large and tier II cities
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HDFC Capital Advisors looks to raise $1 billion in affordable housing fund
HDFC Capital Advisors guides HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1) and H-CARE 2, in which ADIA is an anchor investor
 "HDFC Capital Advisors looks to raise $1 billion in affordable housing fund")
HDFC Capital, Mumbai realtor Rustomjee form affordable housing platform
On Monday, Rustomjee announced that it has tied up with Ikea to furnish its 1,200 houses in Global City, which has a debt funding from Piramal Enterprises
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HDFC Capital Advisors is looking to invest $550 million by March
It has identified 15 residential projects of big realtors such as Godrej, Mahindra Lifespace
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