Argus Partners Advises HDFC Limited In Their 10% Stake Sell In HDFC Capital Advisors To Abu Dhabi Investment Authority (ADIA)
2 years, 8 months ago

Argus Partners Advises HDFC Limited In Their 10% Stake Sell In HDFC Capital Advisors To Abu Dhabi Investment Authority (ADIA)

Live Law  

Argus Partners has advised HDFC Limited in inking the landmark deal wherein HDFC Limited has entered into an agreement to sell 10% of the fully diluted paid-up share capital of its wholly owned subsidiary, HDFC Capital Advisors, to an affiliate of the Abu Dhabi Investment Authority for around Rs. This deal marks the first instance where a sovereign wealth fund has acquired a stake in an Indian General Partner. Speaking on the development, Deepak Parekh, Chairman, HDFC Limited, said, "This investment by ADIA will enable HDFC Capital to leverage ADIA's global expertise and experience to further propel HDFC Capital towards becoming a leading investment platform for global and local investors across multiple strategies and asset classes in the real estate and technology ecosystem." Further, according to Mohamed AlQubasi, Executive Director of the Real Estate Department, ADIA, this agreement would build on ADIA`s successful investments in the H-CARE funds and underline their belief in the positive long-term outlook for affordable and mid-market housing in India.

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HDFC Bank receives RBI approval to sell stake in HDFC Credila
10 months ago

HDFC Bank receives RBI approval to sell stake in HDFC Credila

Live Mint  

HDFC Bank said that it has received approval from markets regulator Reserve Bank of India to offload 90 percent of HDFC Credila’s total issued and paid-up share capital. The company said in an exchange filing, “ This is in connection with our earlier intimation dated June 19, 2023, wherein we had informed that erstwhile Housing Development Finance Corporation Limited had …

Stocks to Watch: HDFC, HDFC Bank, Adani Group, LTIMindtree, SBI
1 year, 5 months ago

Stocks to Watch: HDFC, HDFC Bank, Adani Group, LTIMindtree, SBI

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: HDFC/HDFC Bank: Housing Development Finance Corp. Ltd has tentatively scheduled its $40 billion mega-merger with HDFC Bank Ltd for 1 July, combining the country’s largest private sector lender with the nation’s top mortgage lender. LTIMindtree: The delisting of the country's largest mortgage lender Housing Development Finance …

HDFC denies Deepak Parekh’s comments on effective date of July 1 for merger
1 year, 5 months ago

HDFC denies Deepak Parekh’s comments on effective date of July 1 for merger

Live Mint  

HDFC Bank-HDFC merger: NBFC giant HDFC on Tuesday clarified on media reports about the tentative dates for the completion of its merger with HDFC Bank. Many media reports took rounds referring to the press interaction of HDFC's chairman Deepak Parekh wherein the tentative effective date of the scheme was said as July 1, 2023, and the tentative 'record date' for …

CCI Grants Approval To HDFC's Stake Acquisition In HDFC Life Insurance And HDFC Ergo General Insurance
1 year, 5 months ago

CCI Grants Approval To HDFC's Stake Acquisition In HDFC Life Insurance And HDFC Ergo General Insurance

Live Law  

In a Press Release, the Competition Commission of India has given its approval for the proposed combination involving Housing Development Finance Corporation Limited acquiring additional shares of HDFC Life Insurance Company Limited and HDFC ERGO General Insurance Company Limited. HDFC Life is a life insurance company offering various life insurance and investment products registered with the Insurance Regulatory and Development …

Premji Invest, ADIA commit ₹9,900 cr for new Kotak AIF
1 year, 10 months ago

Premji Invest, ADIA commit ₹9,900 cr for new Kotak AIF

Live Mint  

Mumbai: The sovereign wealth funds of Abu Dhabi and Singapore and Premji Invest plan to invest around $1.2 billion in Kotak Group’s new alternative investment fund, said two people aware of the development. Abu Dhabi Investment Authority, which is an existing investor, Singapore’s GIC and Premji Invest, are understood to have made anchor commitments of around $1.2 billion, higher than …

HDFC share price jumps after announcement of stake sale to Abu Dhabi Investment Authority
2 years, 8 months ago

HDFC share price jumps after announcement of stake sale to Abu Dhabi Investment Authority

India Today  

Housing Development Finance Corporation Limited announced on Wednesday it was planning to sell a 10 per cent stake in HDFC Capital to an arm of Abu Dhabi Investment Authority for $24.09 million, according to a Reuters report. "Investment by ADIA will enable HDFC Capital to leverage ADIA's global expertise and experience to further propel HDFC Capital towards becoming a leading …

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