HDFC Capital buys equity stake in ATS’ Homekraft
NEW DELHI:
HDFC’s real estate fund has acquired a “significant minority” stake in Noida-based ATS group firm HomeKraft and will create a $300 million corpus to develop affordable and mid-income housing projects. HomeKraft has diluted a significant minority equity stake to HDFC Capital Affordable Real Estate Fund, a fund managed by HDFC Capital Advisors, according to a joint press release.
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