PE-VC Fund Investments
Advent to pick 14% stake in Aditya Birla Housing for Rs.2,750-Cr
Indriya, an unit of private equity firm Advent, is to acquire approximately a 14% stake in Mumbai-based Aditya Birla Housing Finance for INR 2,750 crore. The transaction values Aditya Birla Housing Finance at INR 19,250 crore on a post-money basis. Post transaction, Aditya Birla Capital will retain an around 85.7% stake in its housing finance subsidiary, with Advent holding the rest.Founded in 2009, Aditya Birla Housing Finance provides loans for house purchase, construction, home improvement/extension, and loans against property.
For FY25, Aditya Birla Housing Finance had reported about INR 2,655 Cr in Operating Income.
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