Abu Dhabi Investment Authority to acquire a 20% stake in IIFL Home Finance for $286m.

Abu Dhabi Investment Authority, a sovereign wealth fund, agreed to acquire a 20% stake in IIFL Home Finance, an affordable housing finance company, for $286m. “This would be one of the largest equity investments in the affordable housing finance segment in India by a financial investor. Backed by a technology backbone enabling 100 per cent digital onboarding for home loans, robust credit appraisal and collection systems, IIFL Home Finance Limited proposes to use the additional capital to continue its granular expansion strategy into new markets to address the significant and growing demand for housing loans,” IIFL Home Finance.