Why has HDFC sold a stake in HDFC Capital?
Answer
Answer
Answer
HDFC Ltd plans to sell 10% in HDFC Capital Advisors to a fund floated by Abu Dhabi Investment Authority (ADIA) for Rs.184 crore. HDFC Capital manages $3 billion AUM in Indian realty, with focus on affordable housing. HDFC offers flexible funding across lifecycle of affordable and mid-income housing. HDFC Cap also allocates money to Fintech, construction technology and clean-tech. HDFC Capital can leverage ADIA’s global expertise.