HDFC to sell 10% stake in HDFC Capital to Abu Dhabi Investment Authority

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[{"selector":"#anim-2711876f-73aa-4426-a41e-728149320324","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a7c1cf50-0f26-474f-9f2d-9c5277db858b","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-17b4e9a2-3f91-4229-91bc-a455ff375c2d","keyframes":{"transform":["translate3d(120.20547%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":3,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71b94f66-3f9a-4fd0-8cf4-1dda805ac9be","keyframes":{"opacity":[0,1]},"delay":3,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-00d2917a-ed02-456b-b418-2fa46773c2dc","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":3,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Housing Development Finance Corp said on April 20 that it has entered into binding agreements to sell 10% of HDFC Capital Advisors to a subsidiary of Abu Dhabi Investment Authority (ADIA), the largest sovereign wealth fund in the United Arab Emirates, for Rs 184 crore.

[{"selector":"#anim-7a820f73-03d9-42dd-849f-ef9a0eb3ff0e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-00eab3c4-10b3-463c-9272-491459b529eb","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-247a2b3c-ea3c-40b9-ac92-43eb4b378cfa","keyframes":{"transform":["translate3d(120.20547%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":3,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f89db7bb-1e7c-4e3d-afac-edbadf085d56","keyframes":{"opacity":[0,1]},"delay":3,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ca61876-75aa-42c3-8631-40c7f31beb4a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":3,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] HDFC Capital plans to finance the construction of one million affordable houses in India and is in active talks with foreign investors to obtain additional cash, according to Housing Development Finance Corp.

HDFC to sell 10% stake in HDFC Capital to Abu Dhabi Investment Authority

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