News for 'Abu Dhabi Investment Authority'

PM receives his 'special friend', Abu Dhabi's Crown Prince, at airport

PM receives his 'special friend', Abu Dhabi's Crown Prince, at airport

Rediff.com10 Feb 2016

During Al Nahyan's three-day visit, his first to India, the two countries will discuss ways to enhance ties in a range of areas including energy, economy and security and are expected to sign a number of agreements in sectors like oil nuclear energy, IT, aerospace, railways and electronics.

$6-Billion Foreign Bet on India's Private Banks

$6-Billion Foreign Bet on India's Private Banks

Rediff.com12 Jan 2026

Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026.

Mahindra sells entire stake in RBL Bank for Rs 678 cr

Mahindra sells entire stake in RBL Bank for Rs 678 cr

Rediff.com6 Nov 2025

Mahindra & Mahindra (M&M) on Thursday said it has sold 3.53 per cent stake in RBL Bank for Rs 678 crore, representing a 62.5 per cent gain on the investment. On July 26, 2023, the Mumbai-based diversified firm had announced the acquisition of a 3.53 per cent stake in RBL Bank as a treasury investment at a cost of Rs 417 crore.

Blackstone to invest Rs 6,200 crore for 9.99% stake in Federal Bank

Blackstone to invest Rs 6,200 crore for 9.99% stake in Federal Bank

Rediff.com25 Oct 2025

Private-sector lender Federal Bank on Friday announced that New York-based Blackstone will invest Rs 6,196.51 crore in the bank through its affiliate Asia II Topco XIII Pte Ltd via a preferential issue on a private placement basis.

Abu Dhabi sovereign fund first to get 100% tax exemption in infra

Abu Dhabi sovereign fund first to get 100% tax exemption in infra

Rediff.com4 Nov 2020

The government, under the Finance Act, 2020, had allowed tax exemption for SWFs and pension funds in the case of incomes from investment in 34 key infrastructure sectors, including hotels, cold chains, educational institutions, hospitals, and gas pipelines.

Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

Byju's to raise $600 mn, in talks with Abu Dhabi's sovereign wealth funds

Rediff.com24 Oct 2022

Byju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the futureByju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the future as it is very tough for investors to do that in this environment." as it is very tough for investors to do that in this environment."

IPL 2026 Auction: Shock Buys Became A Recurring Theme

IPL 2026 Auction: Shock Buys Became A Recurring Theme

Rediff.com17 Dec 2025

IPL Auction 2026 was not just about money; it was a celebration of ambition, opportunity, and the unrelenting belief that the next big star could come from anywhere.

Lenskart eyeing mega expansion as it readies for IPO

Lenskart eyeing mega expansion as it readies for IPO

Rediff.com15 Oct 2025

Eyewear retailer Lenskart plans to add 450 stores in the current financial year, its fastest expansion in three years, as the company prepares for a public listing that could value it at up to $10 billion. The addition would take Lenskart's store count to more than 3,150 across 14 countries, representing a 34 per cent rise from the 334 stores opened last year.

India Opens Doors To Foreign Banks, But...

India Opens Doors To Foreign Banks, But...

Rediff.com12 Nov 2025

But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.

Lulu IPO ends with 25X oversubscription, becomes largest IPO in UAE this year

Lulu IPO ends with 25X oversubscription, becomes largest IPO in UAE this year

Rediff.com7 Nov 2024

Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.

India cuts arbitration time for foreign investors in UAE pact

India cuts arbitration time for foreign investors in UAE pact

Rediff.com8 Oct 2024

India has reduced the time period for foreign investors to seek international arbitration from five years to three years as part of the recently signed investment pact with the United Arab Emirates (UAE), a departure from its model Bilateral Investment Treaty (BIT). Under the Investor-State Dispute Settlement (ISDS) mechanism, if the Indian judicial system is unable to resolve a dispute within this shortened period, investors can resort to international arbitration. The investment pact, signed on February 13 in Abu Dhabi, came into force on August 31, replacing the previous pact.

Reliance Retail raises Rs 47,265 cr for 10% stake sale

Reliance Retail raises Rs 47,265 cr for 10% stake sale

Rediff.com20 Nov 2020

Since September, Reliance Retail has raised money from Silver Lake, KKR, Mubadala, Abu Dhabi Investment Authority , GIC, TPG, General Atlantic and Saudi Arabia's Public Investment Fund in a divestment programme that mirrored sister Jio Platforms a few months earlier.

KKR to invest Rs 2,069 cr in Reliance Retail; to hike stake to 1.42%

KKR to invest Rs 2,069 cr in Reliance Retail; to hike stake to 1.42%

Rediff.com11 Sep 2023

Global investment firm KKR will invest Rs 2,069.50 crore in Reliance Retail Ventures Ltd for a 0.25 per cent additional stake of the retailer at a valuation of about Rs 8.36 lakh crore, Reliance Industries Ltd said on Monday. After this investment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL), the holding company of the retail business of billionaire Mukesh Ambani-led RIL, will increase to 1.42 per cent from 1.17 per cent. The investment is at "a pre-money equity value of Rs 8.361 lakh crore (around $100.87 billion)", said a joint statement.

Reliance Retail aims at 2025 IPO after valuation jump

Reliance Retail aims at 2025 IPO after valuation jump

Rediff.com5 Oct 2023

Reliance Retail Ventures Ltd (RRVL) is discussing a three-pronged plan that includes an additional divestment of $250-300 million this year, apart from what it has diluted in favour of the Qatar Investment Authority (QIA) and US-based private equity fund KKR recently.

Hyundai Gears Up For Rs 27,856 Crore IPO

Hyundai Gears Up For Rs 27,856 Crore IPO

Rediff.com10 Oct 2024

India's second-largest passenger vehicles firm will be valued at Rs 1.59 trillion at the top-end of the price band of Rs 1,865-Rs 1,960.

Ahead of FPO, Vodafone Idea garners Rs 5,400 cr from anchor investors

Ahead of FPO, Vodafone Idea garners Rs 5,400 cr from anchor investors

Rediff.com17 Apr 2024

Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs 5,400 crore from marquee global as well as domestic investors, according to a statutory filing by the telco. This could be the third-largest anchor book after One 97 Communications and Life Insurance Corporation (LIC). One 97 Communications and LIC had raised Rs 8,235 crore and Rs 5,627 crore in the anchor round, respectively.

Sanjeev Kapoor unlocks khana khazana for Modi in UAE

Sanjeev Kapoor unlocks khana khazana for Modi in UAE

Rediff.com17 Aug 2015

Celebrity chef Sanjeev Kapoor was flown to the United Arab Emirates to prepare a five-course vegetarian extravaganza for no other than Prime Minister Narendra Modi.

Realty funds draw leading global investors

Realty funds draw leading global investors

Rediff.com20 Jul 2013

Between Kotak, Shapoorji and HDFC, fund managers have raised $700 million from investors

Qatar fund to acquire around 1% stake in Reliance Retail for Rs 8,278 cr

Qatar fund to acquire around 1% stake in Reliance Retail for Rs 8,278 cr

Rediff.com23 Aug 2023

Qatar Investment Authority (QIA) will acquire around 1 per cent stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, by investing Rs 8,278 crore ($1 billion). A QIA's wholly-owned subsidiary will make the investment in India's largest retailer at a valuation of Rs 8.278 lakh crore ($100 billion). Updating about the development, Reliance Industries in a regulatory filing said: "QIA's investment will translate into a minority equity stake of 0.99 per cent in RRVL on a fully-diluted basis." RRVL is the holding company for all retail businesses of Reliance Industries Ltd (RIL).

Qatar sovereign fund in talks for stake in Reliance Retail

Qatar sovereign fund in talks for stake in Reliance Retail

Rediff.com26 Jul 2023

Qatar's sovereign wealth fund is in early discussions to buy a minority stake in billionaire Mukesh Ambani's rapidly expanding retail unit for about $1 billion (Rs 8,200 crore), sources said. The Qatar Investment Authority is keen on tapping the fast-growing Indian market and has entered into a discussion to buy about 1 per cent stake in Reliance Retail Ventures, sources with knowledge of the matter said. Talks, sources said, are at a preliminary stage and being led by an executive director on the board of parent Reliance Industries Ltd.

Despite US indictment, Adani still has a few supporters

Despite US indictment, Adani still has a few supporters

Rediff.com28 Nov 2024

Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US indictment of the conglomerate's founder chairman Gautam Adani. "Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC, one of Adani group's key foreign investors, said in a statement.

The real story behind Adani-Mumbai Airport deal

The real story behind Adani-Mumbai Airport deal

Rediff.com8 Sep 2020

What made the tide turn in favour of the Adani group was the Covid-19 pandemic, which shut down airports the world over, including Mumbai. There was no cash flow and the firm started defaulting on salaries July onwards.

Budget may open window for big-ticket foreign investments

Budget may open window for big-ticket foreign investments

Rediff.com26 Jan 2021

The Centre plans to create a special window for strategically important investors such as sovereign wealth funds and pension funds that wish to invest over Rs 3,000 crore through a single transaction.

Sovereign fund flow: India replaces China as most sought-after destination

Sovereign fund flow: India replaces China as most sought-after destination

Rediff.com17 Dec 2020

In the year 2020 to date, these funds deployed capital worth a record $14.8 billion in India, which is nearly three times more than what they have put in China - $4.5 billion.

10% stake in HDFC Capital sold to ADIA for Rs 184 crore

10% stake in HDFC Capital sold to ADIA for Rs 184 crore

Rediff.com20 Apr 2022

Mortgage firm HDFC Ltd on Wednesday announced sale of a 10 per cent stake in its private equity arm HDFC Capital Advisors to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for about Rs 184 crore. ADIA is also the primary investor in the alternative investment funds managed by $3 billion-HDFC Capital. Set up in 2016, HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 and 3; and is aligned with the government's goal to increase housing supply and support the Pradhan MantriAwas Yojana - 'Housing for All' initiative, HDFC Ltd said in a statement.

As shares plunge, Adani FPO subscribed only 1% on opening day

As shares plunge, Adani FPO subscribed only 1% on opening day

Rediff.com27 Jan 2023

Against an offer of 4.55 crore shares of Adani Enterprises Ltd, only 4.7 lakh were subscribed, according to information available from the BSE. Adani Enterprises fell almost 20 per cent to below the offer price of its secondary sale as all the seven listed companies of the conglomerate took a beating in the aftermath of Hindenberg Reserach alleged that the group was "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades".

Sensex gives up early gains, ends 83 pts higher

Sensex gives up early gains, ends 83 pts higher

Rediff.com8 Jun 2020

IndusInd Bank was the top gainer in the Sensex pack, soaring around 7 per cent, followed by Axis Bank, Bajaj Finance, ONGC, Titan, Infosys and Tech Mahindra.

PM Modi arrives in UAE; to discuss terror, trade with top leaders

PM Modi arrives in UAE; to discuss terror, trade with top leaders

Rediff.com16 Aug 2015

Prime Minister Narendra Modi arrived in Abuu Dhabi on Sunday on a two-day visit to the strategically important United Arab Emirates during which he will hold talks with the country's top leadership to enhance cooperation in key areas of trade and security and address the Indian diaspora.

MobiKwik turns unicorn ahead of IPO

MobiKwik turns unicorn ahead of IPO

Rediff.com12 Oct 2021

MobiKwik employees exercised their ESOPs (Employee stock ownership) in a recently opened window by selling part of their shares in a secondary sale. "The secondary round was led by ex-Blackstone India head, Mathew Cyriac, who topped up his holding at almost double of his previous price," the sources said.

LIC's Adani group portfolio value surges 51.6% at Rs 66,000 crore

LIC's Adani group portfolio value surges 51.6% at Rs 66,000 crore

Rediff.com3 Jun 2024

Government-owned Life Insurance Corporation of India (LIC) has seen substantial gains from its investments in Adani group shares, which have experienced a significant recovery over the past year. The value of LIC's stake in Adani group companies surged by 51.6 per cent, or Rs 22,591 crore, reaching Rs 66,388 crore as of Friday's close. This compares to Rs 43,797 crore on May 31 last year, according to stock exchange data.

PM Modi begins 2-day visit to UAE, to discuss terror, trade in talks

PM Modi begins 2-day visit to UAE, to discuss terror, trade in talks

Rediff.com16 Aug 2015

With terror and investments high on his agenda for talks with the UAE leadership, Prime Minister Narendra Modi on Sunday began his two-day trip to this strategic Gulf nation with a visit to the historic Sheikh Zayed Grand mosque, the world's third largest.

Green policy flip-flops spook foreign investment firms

Green policy flip-flops spook foreign investment firms

Rediff.com26 Feb 2021

Foreign investment firms, especially private equity, are jittery about the Indian market as uncertainty continues to shroud the energy sector.

Changing complexion: Adani stocks now have prominent investor base

Changing complexion: Adani stocks now have prominent investor base

Rediff.com24 Apr 2024

Amid intense scrutiny from short-sellers and regulators, Adani group stocks have seen a significant shift in their shareholder base: Relatively opaque foreign portfolio investors (FPIs) have given way to more recognisable investors and broad-based funds. The list of large public shareholders - those directly holding at least 1 per cent - is now dominated by entities, such as the state-owned Life Insurance Corporation (LIC), US-based GQG Partners, Abu Dhabi-based International Holding Company, and Qatar Investment Authority's INQ Holding.

India Inc leans on InvITs to reduce debt, generate returns for investors

India Inc leans on InvITs to reduce debt, generate returns for investors

Rediff.com20 Apr 2023

Reliance Industries, construction major L&T and IRB Infrastructure are some of the top companies that have used an infrastructure investment trust structure to reduce part of their debt and generate returns for their investors. Earlier this month, IRB Infrastructure InvIT was listed on the National Stock Exchange, giving its investors an option to exit by selling their units. The listing came within months of the Securities and Exchange Board of India's (Sebi's) guidelines for conversion of private unlisted InvITs into listed ones were issued.

Investors flock to warehousing as it has become an asset class of choice

Investors flock to warehousing as it has become an asset class of choice

Rediff.com12 Jan 2021

Warehousing and logistics segment has been among the most resilient asset classes in the pandemic.

Will Indian workers in UAE get a better deal after Modi's visit?

Will Indian workers in UAE get a better deal after Modi's visit?

Rediff.com17 Aug 2015

Prime Minister Modi chatted with the workers, enquiring about the place and their welfare and jobs.

Saudi Arabia's PIF invests Rs 9,555 cr in Reliance Retail

Saudi Arabia's PIF invests Rs 9,555 cr in Reliance Retail

Rediff.com5 Nov 2020

Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore. PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement. The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.587 lakh crore.

Saudi wealth fund's Rs 11,367 cr cheque for RIL

Saudi wealth fund's Rs 11,367 cr cheque for RIL

Rediff.com18 Jun 2020

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic.

No thaw seen in start-up funding winter despite 231 deals this year

No thaw seen in start-up funding winter despite 231 deals this year

Rediff.com30 Mar 2023

For a segment that thrives on promise more than performance, the country's start-up ecosystem is refusing to get carried away by the funding this calendar year. This has created the highest level of uninvested venture capital in seven years as investors wait for corrections in the working and - more importantly - valuation of start-ups while looking for cockroaches instead of unicorns. "Investors are now keen to invest in companies that have good top and bottom lines.

Jaitley, others pitch India story before global investors

Jaitley, others pitch India story before global investors

Rediff.com3 Feb 2015

Finance Minister Arun Jaitley, along with other senior ministers, on Tuesday pitched India growth story before 21 large global investors