Aditya Birla Capital's Strategic Move: A New Stakeholder in Housing Finance

Aditya Birla Housing Finance has raised Rs 2,750 crore by selling a 14.29% stake to Indriya Ltd, an arm of Advent International. This move ended its status as a wholly-owned subsidiary of Aditya Birla Capital, which retains a significant 85.51% shareholding in the company.

Aditya Birla Capital has strategically diversified its housing finance sector by raising Rs 2,750 crore through a significant stake sale.

The company sold a 14.29% stake in its housing finance arm, Aditya Birla Housing Finance Ltd (ABHFL), to Indriya Ltd, an affiliate of Advent International.

This change alters ABHFL's ownership dynamics, yet Aditya Birla Capital retains an 85.505% majority stake.

(With inputs from agencies.)