ADIA to buy 20% in IIFL Home Finance, largest such investment in the space - Economic Times
6/9/2022 12:00:00 AM2 years 11 months ago
by Rajesh Mascarenhas
by Rajesh Mascarenhas
The deal will unlock value in IIFL Finance, which has a ₹52,000 crore loan book and market capitalisation of ₹12,500 crore. IIFL Home Finance has a loan book of ₹24,000 crore and market value of ₹11,000 crore.
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) will buy a 20% stake in IIFL Home Finance for 2,200 crore, valuing the mortgage lender at Rs 11,000 crore. This will be the largest equity … [+2549 chars]
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