ADIA to buy 20% stake in IIFL Home Finance for ₹2,200 crore
The home finance company plans to use the additional capital to continue its granular expansion strategy into new markets.
The home finance company plans to use the additional capital to continue its granular expansion strategy into new markets.
Shares of IIFL Finance gained 4.5% to ₹340.35 apiece on Monday amid a report that sovereign wealth fund ADIA is in talks to acquire a minority stake in IIFL Home Finance.