Private equity firm Advent International will buy a 14.3% stake in India’s Aditya Birla Housing Finance for 27.5 billion rupees ($304.1 million), the latter’s parent said on Tuesday.
The deal values the mortgage lender at 192.50 billion rupees, parent Aditya Birla Capital said in a press release. On completion of the deal, Aditya Birla Capital would be left with an 85.7% stake in the mortgage lender.
Aditya Birla Housing Finance had assets under management of 422.04 billion rupees as of December-end.
Advent was an investor in Aditya Birla Capital from 2020 until 2025.
Source: Reuters.com