Page 2 - Abu Dhabi Investment Authority

ADIA, KKR, Brookfield to invest in UPL companies as restructuring move

KKR, the US-based private equity firm, will separately invest Rs 2,460 crore to pick up a 13.33 per cent stake in Advanta Enterprises, a subsidiary of UPL.

CCI clears ADIA's minority stake buy in Intas Pharmaceuticals

Anti-trust regulator Competition Commission of India (CCI) on Monday cleared Platinum Owl's acquisition of a minority stake in Intas Pharmaceuticals. The proposed transaction involves a secondary acquisition by Platinum Owl of 3 per cent of the equity shareholding of Intas (on an outstanding shares basis). Platinum Owl is acting in its capacity as a trustee for Platinum Jasmine A 2018 Trust and Abu Dhabi Investment Authority (ADIA) is the sole beneficiary and settlor of the Platinum Jasmine A 2018 Trust. Intas is engaged in the business of development, manufacture and marketing of pharmaceutical formulations. In a separate combination, CCI approved acquisition of 100 per cent of the equity and compulsorily convertible debentures of five special purpose vehicles (SPVs) by IndInfravit and allotment of units of IndInfravit to CPHI-4 for the purpose of part-funding the acquisition of SPVs. The five SPVs are engaged in the operation and maintenance of highways in the states of Andhra .

PGIM India MF, ADIA sell Newgen Software shares worth Rs 45 crore

PGIM India Mutual Fund (PGIM MF) and Abu Dhabi Investment Authority (ADIA) sold a total of 12.20 lakh shares of the software company, as per bulk deal data available with the National Stock Exchange

ADIA eyeing minority stake in Aditya Birla's health insurance arm: Report

The discussions for ADIA taking a minority stake in Aditya Birla Health Insurance Co Ltd are ongoing and expected to gain pace in the coming weeks

Kotak Investment Advisors, AIDA form $590 mn realty fund for office spaces

This is Kotak Investment Advisors's 12th real estate fund and with it, the firm has so far raised, managed, or advised over $2.8 billion under its real estate fund series

HDFC divests 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr

The country's largest mortgage lender HDFC Ltd on Thursday said it has sold 10 per cent of its stake in HDFC Capital Advisors Ltd (HCAL) to Abu Dhabi Investment Authority for Rs 184 crore. With this, HCAL ceases to be a wholly-owned subsidiary of HDFC. In April, Housing Development Finance Corporation (HDFC) had entered into a share purchase agreement for sale of 2,35,019 equity shares of HCAL, representing 10 per cent of paid-up share capital, to a wholly-owned subsidiary of Abu Dhabi Investment Authority. "We wish to inform you that the corporation has on May 25, 2022 concluded the sale, at a price of Rs 7,841.49 per equity share, aggregating to a consideration of Rs 184.29 crore," HDFC said in a regulatory filing. Pursuant to this sale, HCAL has ceased to be a wholly-owned subsidiary of HDFC. However, it continues to be a subsidiary of the corporation, it added. Stock of HDFC traded at Rs 2,282 apiece on BSE during noon trade, up by 1.99 per cent from previous close.

HDFC to sell 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr

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.

Lake Shore looks at $100 mn from Apollo Global to buy Viviana Mall

The proceeds will be used to fund the acquisition of Viviana Mall in Thane on Mumbai's outskirts, said a source in the know

India grants UAE investment licence with easier norms on compliance

Category-I licence implies lower compliance burden and investment restrictions, simplified KYC norms and documentation requirements

Budget 2021: Special window for big-ticket foreign investments likely

Facility to be available for FDI proposals worth over Rs 3,000 cr

NIIF completes fund raise for $2.3 bn Master Fund in fifth and final round

PSP Investments, DFC of US, Axis Bank ink pact for $107 million cumulative commitment; International investors have rights to co-invest an additional $3 billion

Top headlines: Tata sons to raise stake in AirAsia; Serum seeks damages

From Tata Sons raising stakes in AirAsia to putting off artillery import embargo, here are top headlines this morning

Shapoorji's $1.2 bn deal with ADIA on hold over debt issues, coronavirus

The group had planned to launch a $1.2-billion venture with ADIA, wherein the partners were to raise the money in two tranches of $600 million each

RIL secures Rs 7,558 cr investment in digital fibre infrastructure trust

The fibre optic unit, which was earlier part of Reliance Industries Limited's (RIL) subsidiary Reliance Jio, has a debt of Rs 87,296 crore, which includes suppliers' credit

Abu Dhabi's ADQ pumps $1 billion into Lulu Group's Egypt expansion

ADQ, formerly known as Abu Dhabi Development Holding Co., will team up with Lulu to develop up to 30 hypermarket stores and other operations across the Arab world's most populous nation

Abu Dhabi Investment Authority invests Rs 5,512.50 cr in Reliance Retail

With eight deals in four weeks, analysts were expecting the valuation of the firm to touch at least Rs 4.5 trillion

A tale of jittery bankers, a stalled deal and GVK's Adani embrace

August-end loan deadline brought GVK to negotiating table

Battle for MIAL: Foreign investors serve legal notice on GVK group

Call Mumbai airport stake sale to Adani a breach of agreement

Bidvest moves Delhi HC against GVK, investors in airports holding firm

The lawsuit, filed on Monday, comes at a time when the Union government is seeking foreign direct investment in India, promising ease of doing business to overseas investors.

Sovereign wealth funds to get tax relief on infrastructure bets: CBDT

CBDT notifies changes that will also apply to pension funds