Tag: aditya birla capital

Housing FinanceLatest Stories

Aditya Birla Housing Finance Allocates ₹2,750 Crore to Indriya

NEW DELHI: Aditya Birla Housing Finance (ABHFL) has successfully raised approximately ₹2,750 crore by issuing equity shares to Indriya, a company associated with global private equity firm Advent International. The firm allocated over 12.32 crore equity shares at ₹223.12 each on April 17, 2026, as noted in a regulatory filing. As a result of this transaction, Indriya now owns a 14.29% stake in ABHFL on a fully diluted basis. This also means that ABHFL is no longer a wholly owned subsidiary of Aditya Birla Capital (ABCL), with the parent company’s stake decreasing to 85.5%. The capital raise aligns with a…

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Sowparnika Projects targets ₹500 crore to double revenue

Sowparnika Projects, a prominent real estate developer in South India, is in the final stages of raising ₹500 crore to support its expansion and enhance its project portfolio over the next 18 to 24 months. “We are negotiating with several funds, including Neo Alternative Asset Managers, WSB Real Estate Partners, and ASK. The company has received approvals for transactions from some of these investors and is aiming to finalize the ₹500 crore target,” stated Ramji Subramaniam, Managing Director of Sowparnika Projects. “In the next two years, we plan to develop 5.5 million sq ft across Bengaluru, Kerala, and Tamil Nadu,”…

Housing FinanceLatest Stories

CCI Approves Indriya’s 14.3% Stake in Aditya Birla Housing

NEW DELHI: The Competition Commission of India (CCI) has granted approval for Indriya’s acquisition of a 14.29% stake in Aditya Birla Housing Finance (ABHFL), marking a significant regulatory milestone in the ₹2,750 crore investment revealed earlier this year. This transaction involves Indriya, a part of global private equity firm Advent International, acquiring equity shares in ABHFL via preferential allotment on a fully diluted basis. Once completed, Indriya will own 14.29% of ABHFL, while Aditya Birla Capital (ABCL) will maintain the majority stake in its housing finance subsidiary. The deal received initial approval from ABCL’s board in February 2026. ABHFL is…

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…

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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…