HDFC set to promote 10% in HDFC Capital

HDFC Ltd has entered into binding settlement to promote 10 per cent of the share capital of HDFC Capital Advisors Ltd to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for Rs 184 crore.

ADIA can also be the first investor within the different funding funds managed by HDFC Capital. Set up in 2016, HDFC Capital is the funding supervisor to HDFC Capital Affordable Real Estate Funds 1, 2 & 3.

Deepak Parekh, chairman, HDFC Ltd, mentioned, “This investment by ADIA will enable HDFC Capital to leverage ADIA’s global expertise and experience…”