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CCI approves acquisition of stake in IIFL Finance’s arm by ADIA

18 Aug 2022 Evaluate

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.


Peers
Company Name CMP
Bajaj Finance 1034.20
Shriram Finance 1028.00
Aditya Birla Capital 398.60
Tata Capital 362.80
Chola Invest & Fin. 1845.00
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