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ADIA raises India exposure, invests in CMS Info, others
Mint Mumbai
|September 19, 2023
The Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund representing the emirate of Abu Dhabi in UAE and one of the largest among its global peers, has added at least three new companies to its portfolio basket, just months after inking a large transaction in the private market committing $500 million to eyewear brand Lenskart.
ADIA has picked shares of CMS Info Systems Ltd and BEML Ltd in the quarter ended 30 June and recently bought shares of Prudent Corporate Advisory Services Ltd and One97 Communications Ltd, the parent of fintech venture Paytm. The Paytm transaction was a reinvestment as ADIA had previously participated in its anchor book allotment on the eve of its initial public offering in November 2021.
This story is from the September 19, 2023 edition of Mint Mumbai.
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