New Delhi, April 7 The Fair Trade regulator, CCI, on Tuesday approved Advent International's proposal to acquire a 14.3 per cent stake in Aditya Birla Housing Finance Ltd.
This development came after the boards of Aditya Birla Capital and Aditya Birla Housing Finance, in February 2026, approved a proposal for a primary capital infusion of Rs 2,750 crore in ABHFL, from Indriya Ltd, one of the entities of Advent International.
"The proposed transaction involves the acquisition of equity shares (through a preferential issue on a private placement basis) amounting to 14.286 per cent of the post-issue paid-up equity share capital of Aditya Birla Housing Finance Ltd, on a fully diluted basis, by Indriya Ltd," the regulator said in a release.
Aditya Birla Housing Finance Ltd (ABHFL) is engaged in the business of providing home loans, loans against property, construction finance loans, and lease rental discounting loans. It is a wholly-owned subsidiary of Aditya Birla Capital Ltd (ABCL).
"CCI approves the acquisition of equity shares amounting to 14.286 per cent of Aditya Birla Housing Finance Limited, by Indriya Limited," the Competition Commission of India (CCI) said in a post on X.
Post-transaction, Aditya Birla Housing Finance will be valued at Rs 19,250 crore.
In a separate release on Tuesday, the competition watchdog granted its nod for the acquisition by Citrus Investment LLC (Citrus) of an additional 0.4 per cent stake in Hitachi Construction Machinery Co, Ltd (HCM) and sole control of its 50:50 joint venture, HCJI Holdings K K (HCJI).
Citrus operates as an investment vehicle to hold shares and is not engaged in any other businesses or activities in India or globally, while HCM is listed on the Tokyo Stock Exchange and is engaged in the business of manufacturing construction equipment.
In another release, CCI approved the acquisition of a 100 per cent equity shareholding of KNR SPVs by Indus Infra Trust from KNR Constructions Ltd.
Indus Infra Trust is a Sebi-registered infrastructure investment trust, while KNR SPVs has been incorporated as special purpose vehicles by KNR.
KNR SPVs entered into concession agreements with the National Highway Authority of India for developing, building, operating, and maintaining infrastructure projects under the Hybrid Annuity Model.
"CCI approves acquisition of 100 per cent equity shareholding of KNR SPVs by Indus Infra Trust from KNR Constructions Limited," CCI said on X.
Deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.