Tag: Hamad Shahwan Aldhaheri

IIFL Home Finance announces investment of ₹2,200 Cr for a 20% stake from a wholly owned subsidiary of ADIA

Non-Banking Financial Company IIFL Finance Limited said that its wholly owned subsidiary IIFL Home Finance Limited, an affordable housing finance company, has entered into definitive agreements for raising ₹2,200 Cr of primary capital for a 20% stake from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Speaking on the occasion, Nirmal Jain,…

ADIA to invest ₹ 5,512.50 cr in Reliance Retail Ventures for 1.20% stake

Reliance Industries Limited (RIL) and Reliance Retail Ventures Limited (RRVL) announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will invest ₹ 5,512.50 crore into RRVL, a subsidiary of Reliance Industries.  This investment values RRVL at a pre-money equity value of ₹ 4.285 lakh crore. ADIA’s investment will translate into a…