Question
Which of the following Investment Authority buys 20%
stake in IIFL Home Finance for Rs 2,200 crores?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.
One who possesses many talents ?
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