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.