Aavas Financiers Limited
Abu Dhabi Investment Authority increased its stake in Aavas Financiers from 1.65% to 2.13%, raising its shareholding from 13,11,011 to 16,92,011 shares. The additional shares are worth ₹57.37 crore at ₹1505.30 apiece.
A housing finance company that provides loans and advances to individuals for residential property purchases and construction across India. Operating since its incorporation in 2011, the company focuses on serving customers in tier-2 and tier-3 cities and semi-urban areas where traditional financing options are limited. Aavas Financiers specializes in affordable housing finance with a customer-centric approach to credit delivery and underwriting.
Sovereign wealth fund of the Emirate of Abu Dhabi, established in 1976 and one of the world's largest SWFs with around USD 1 trillion in assets. Long-term, multi-decade horizon. Indian equities sit inside its emerging markets allocation and ADIA is a consistent anchor in marquee Indian IPOs and large-block deals.