ADIA is the sole beneficiary and settlor of the Platinum Jasmine Trust.
In a tweet on Friday, the CCI said it has approved the “acquisition of stake in IIFL Home indirectly by ADIA Group“.
In June, IIFL Home Finance, a subsidiary of
, had entered into definitive agreements for raising Rs 2,200 crore of primary capital for a 20 per cent stake from a wholly-owned subsidiary of ADIA.
IIFL Home is a housing finance company and is a wholly-owned subsidiary of
Limited.
Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices in the market place.