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    Question

    Which of the following Investment Authority buys 20%

    stake in IIFL Home Finance for Rs 2,200 crores?
    A Sharjah Investment Authority Correct Answer Incorrect Answer
    B Jeddah Investment Authority Correct Answer Incorrect Answer
    C Abu Dhabi Investment Authority Correct Answer Incorrect Answer
    D Dubai Investment Authority Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Abu Dhabi Investment Authority (ADIA) has picked up a 20 per cent stake in IIFL Home Finance for Rs 2,200 crore. The Abu Dhabi sovereign wealth fund will make the investment through a wholly-owned subsidiary. IIFL Home Finance will use the capital to continue its granular expansion strategy into new markets to address the significant and growing demand for housing loans.

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