Apr 17 (BNP): Aditya Birla Capital has announced that its housing finance subsidiary, Aditya Birla Housing Finance Ltd (ABHFL), has raised ₹2,750 crore through the sale of a 14.29 per cent stake to Indriya Ltd, an entity associated with private equity firm Advent International.
In a regulatory filing, the company said that following the transaction, ABHFL is no longer a wholly owned subsidiary of Aditya Birla Capital. The parent company now holds an 85.505 per cent stake in the housing finance arm.
The board of ABHFL approved the allotment of 12.32 crore equity shares at a price of ₹223.12 per share to Indriya Ltd as part of the deal.
The transaction marks a strategic capital infusion aimed at strengthening the housing finance subsidiary’s balance sheet and supporting its future growth plans.
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