CCI Approves Indriya’s 14.29% Stake Acquisition in Aditya Birla Housing Finance, ETLegalWorld

    0
    32
    ADVERTISEMENT

    SPONSORED

    NEW DELHI: The Competition Commission of India (CCI) has approved Indriya’s acquisition of a 14.29% stake in Aditya Birla Housing Finance (ABHFL), clearing a key regulatory hurdle for the ₹2,750 crore investment announced earlier this year.

    The transaction involves Indriya, an entity of global private equity firm Advent International, acquiring equity shares in ABHFL through a preferential allotment on a fully diluted basis.

    Following completion, it will hold 14.29% of ABHFL, while Aditya Birla Capital (ABCL) will retain the remaining majority stake in its housing finance arm.

    The deal was first approved by ABCL’s board in February 2026.

    ABHFL is a non-deposit-taking housing finance company registered with the National Housing Bank and offers home loans, loans against property, construction finance and lease rental discounting.

    • Published On Apr 9, 2026 at 05:42 PM IST

    Join the community of 2M+ industry professionals.

    Subscribe to Newsletter to get latest insights & analysis in your inbox.

    All about ETLegalWorld industry right on your smartphone!






    Source link

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here