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.
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