India's HDFC Capital raises $1.8b from ADIA, others for low-cost housing

Photo by Tierra Mallorca on Unsplash

India’s HDFC Capital, a private equity investment manager, said on Sunday it has raised $1.8 billion from investors, lead by a unit of sovereign wealth fund Abu Dhabi Investment Authority (ADIA), for its third low-cost housing fund.

This includes an upfront amount of $1.2 billion with an additional $600 million committed towards reinvestment of the principal amount, the company said in a statement.

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