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Aditya Birla Capital has diluted its stake in Aditya Birla Housing Finance Ltd by selling a 14.29 per cent stake to Indriya Ltd, backed by private equity firm Advent International. The transaction, valued at INR 2,750 crore, was completed through a preferential allotment of equity shares. Following the deal, ABHFL is no longer a wholly owned subsidiary, with Aditya Birla Capital retaining an 85.505 per cent stake. The move reflects continued investor interest in housing finance companies amid steady demand for home loans and retail credit expansion.
Aditya Birla Capital has raised INR 2,750 crore through the sale of a 14.29 per cent stake in its housing finance arm, Aditya Birla Housing Finance Ltd (ABHFL), to Indriya Ltd, an entity backed by global private equity firm Advent International. Advertisement
Following the transaction, ABHFL has ceased to be a wholly owned subsidiary of Aditya Birla Capital. The company now holds 85.505 per cent of the equity share capital, while Indriya has acquired a 14.285 per cent stake in the business.
The investment was executed through a preferential allotment on a private placement basis. The board of ABHFL approved the issuance of 12.32 crore equity shares at INR 223.12 per share to Indriya. This structure allowed the company to raise fresh capital while bringing in a strategic financial investor.
The development indicates a broader trend of private equity firms increasing exposure to India's housing finance sector, which has seen consistent growth driven by rising home ownership demand, urban expansion, and policy support in affordable housing. Advent International has previously invested in financial services businesses in India, and this move strengthens its presence in the lending space.
Operationally, ABHFL has reported steady financial performance. For FY 2024-25, the company recorded revenue of INR 2,655.18 crore and a net worth of INR 3,783.06 crore, reflecting stable growth in its loan portfolio and capital base.
On the market side, shares of Aditya Birla Capital were trading at INR 339.05 on the BSE, marking a marginal increase of 0.25 per cent compared to the previous close.
The transaction also aligns with Aditya Birla Capital's strategy of unlocking value in its subsidiaries while maintaining majority control. The company has been focusing on strengthening its lending businesses, including housing finance, NBFC operations, and insurance, to capture long-term retail demand.
Source PTI
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