Abu Dhabi's ADIA will buy a 20 per cent stake in IIFL Home Finance

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Mumbai, Dt. 10 June 2022, Friday

IIFL Home Finance Limited has secured a 20% stake in Abu Dhabi Investment Authority (ADIA) for a 20% stake. 2200 crore. The deal is subject to regulatory approvals.

IIFL Home Finance by March 31, 2022 With an asset under management of Rs 23,617 crore, it is one of the largest affordable housing companies in India. This foreign investment will be one of the largest equity investments in India's Affordable Housing Finance segment.

Established in 2006, IIFL Home Finance has an active customer base of 168,000 in 16 States and 2 Union Territories. The company has an estimated 3200 employees in more than 200 branches. The company offers small-ticket housing loans, property loans and construction finance.

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