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A wholly-owned subsidiary of Abu Dhabi Investment Authority has signed a definitive agreement to buy ________% stake in IIFL Home Finance Limited for Rs 2,200 cr.

A.
10
B.
15
C.
20
D.
25

Solution:

The correct answer is 20%. A wholly-owned subsidiary of Abu Dhabi Investment Authority has signed a definitive agreement to buy 20% stake in IIFL Home Finance Limited for Rs 2,200 cr. This would be one of the largest equity investments in the affordable housing finance segment in India by a financial investor. IIFL Home Finance Limited is a wholly-owned subsidiary of non-banking financial company IIFL Finance Limited. Additional InformationRecent Merger and Acquisitions:The Competition Commission of India (CCI) has approved the acquisition of majority stake in SMW Ispat Private Limited by OFB Tech Private Limited. The Competition Commission of India (CCI) has approved a proposed deal involving Serum Institute Life Sciences, Covidshield Technologies, and Biocon Biologics. Air India, which was recently acquired by the Tata group, has approached the Competition Commission of India (CCI) for acquiring a 100 percent stake in Air Asia India. ITC will acquire a 10. 07% stake in Blupin Technologies Pvt Ltd for up to Rs 39. 34 crore. HDFC Ltd. has entered a binding agreement to sell a 10% stake in wholly-owned subsidiary HDFC Capital to an arm of Abu Dhabi Investment Authority (ADIA) for 184 crore.

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