Argus Partners advises HDFC Limited in their 10% stake sell in HDFC Capital Advisors to Abu Dhabi Investment Authority
We acted as the legal advisors to HDFC Limited in inking the landmark deal wherein HDFC Limited has entered into an agreement to sell 10% of the fully diluted paid-up share capital of its wholly owned subsidiary, HDFC Capital Advisors, to an affiliate of the Abu Dhabi Investment Authority (ADIA) for around Rs. 184 Crores. This deal marks the first instance where a sovereign wealth fund has acquired a stake in an Indian General Partner (GP) (Source: Indian Venture and Alternate Capital Association).
The Argus Team consisted of Adity Chaudhury (Partner), Kshitija Naik, Prashant Motsara (Senior Associates) and Tushar Oberoy, Jinansh Shah (Associates).
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