Aditya Birla Housing Finance

Aditya Birla Housing Finance Ltd (ABHFL) has raised Rs 2,750 crore by allotting a 14.29 percent stake to Indriya Ltd, an entity linked to private equity firm Advent International. This transaction ends ABHFL's status as a wholly-owned subsidiary of Aditya Birla Capital, which now retains 85.505 percent ownership. The move injects significant capital into the housing finance sector at a time when lenders seek funds to expand amid rising demand for affordable homes.