Tag: aditya birla capital

Housing FinanceLatest Stories

Advent to Invest ₹2,750 Crore for 14.3% Stake in Aditya Birla

MUMBAI: Advent International, a leading private equity firm, has announced its intention to invest ₹2,750 crore for a 14.3% stake in Aditya Birla Housing Finance (ABHF), as revealed by both companies on Tuesday. ABHF is a wholly-owned subsidiary of Aditya Birla Capital (ABC), which serves as the financial services arm of the diversified Aditya Birla Group. The investment will be made by Indriya, an Advent entity, through a primary share issuance, according to an official statement. The boards of ABC and ABHF have given their approval for the capital raise, with the transaction pending approval from shareholders, regulatory bodies, and…

IndustryLatest Stories

Aditya Birla Sun Life AMC to raise ₹1,500 crore via Realty Fund

Aditya Birla Sun Life AMC, part of Aditya Birla Capital, intends to raise over ₹1,500 crore, including a greenshoe option, through a Category II alternative investment fund focused on senior secured lending for real estate projects in major Indian cities. The fund, named Aditya Birla Real Estate Credit Opportunities Fund-Series II (ABRECOF-II), will primarily invest in post-approval, brownfield projects developed by established real estate firms in tier-1 markets like Mumbai, Delhi-NCR, Bengaluru, Pune, Hyderabad, and Chennai. The investment strategy will mirror that of its predecessor, Aditya Birla Real Estate Credit Opportunities Fund (ABRECOF), which has invested over ₹1,427 crore to…