Advent International has agreed to acquire a 14.3% stake in Aditya Birla Housing Finance for INR27.5bn ($304m), according to a report by Reuters. The transaction values the mortgage lender at INR192.5bn, according to a statement from Aditya Birla Capital.
Following completion, Aditya Birla Capital will retain an 85.7% holding in the business. The deal marks the latest foreign investment into India’s financial services sector. Recent transactions include MUFG’s agreement to acquire a 20% stake in Shriram Finance for $4.4bn and Emirates NBD Bank’s $3bn acquisition of a 60% stake in RBL Bank.
Aditya Birla Housing Finance reported assets under management of 422.0bn rupees as of the end of December. Advent previously held a stake in Aditya Birla Capital between 2020 and 2025.
