 "HDFC Chairman Deepak Parekh")
Mortgage lender HDFC Ltd has entered into a binding agreement to sell 10 per cent stake in HDFC Capital Advisors Ltd to a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for Rs 184 crore.
HDFC Capital is a wholly owned subsidiary of HDFC and is in the business of managing private equity funds focused on the real estate sector in India. It manages an approximately $3 billion funding platform. It is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 & 3; and is aligned with the government's goal of increasing housing supply and
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