The Competition Commission of India (CCI) has approved the acquisition of stake in IIFL Finance’s wholly owned subsidiary -- IIFL Home Finance indirectly by Abu Dhabi Investment Authority (ADIA). Earlier, in June 2022, the company had entered into definitive agreements for raising Rs 2,200 crore of primary capital for a 20% stake from a wholly-owned subsidiary of ADIA.
IIFL Finance is an Indian diversified financial services company.