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.

Aditya Birla Capital offloaded a 14.3% stake in its housing finance subsidiary, Aditya Birla Housing Finance Limited (ABHFL), to Indriya Limited for Rs 2,750 crore. The board approved the allotment of 12.3 crore equity shares at Rs 223.12 each through a preferential issue on April 17. This transaction draws global private equity into India's competitive housing finance sector at a time when financial firms seek capital for expansion amid regulatory pressures.