Lenskart announced that it has signed definitive documents for a $500 million investment from a wholly-owned subsidiary of ADIA
According to the sources, Blackstone raised $325 million (Rs 2,650 crore) by selling 7.7 crore shares/units in the REIT to institutional investors through block deals at Rs 345 per share
The Abu Dhabi sovereign wealth fund will make the investment through a wholly-owned subsidiary, said IIFL Home Finance
The latest fund raising is the third by HDFC Capital's affordable real estate fund (H-Care 3) and the primary investor in the H-Care schemes is a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA)
After the stake sale, which requires the clearances from insurance regulator Irdai, ABCL will hold 45.91 per cent stake in the company and MMH will have 44.10 per cent
Once the deal is effective, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC will own 41 per cent of the bank, according to stock exchange filings by the firms
The deal has been cleared under the green channel route. Under this framework, a transaction which does not raise any risk of an appreciable adverse effect on competition is deemed to be approved on being intimated to the...
