Overview
- ABHFL issued 12,32,52,061 new shares to Indriya Limited on Friday through a preferential issue, a direct sale of new shares to one investor, raising Rs 2,749.99 crore at Rs 223.12 a share.
- Aditya Birla Capital now holds 85.505% of ABHFL on a fully diluted basis, and Indriya holds 14.286%, so the unit is no longer wholly owned by the parent.
- The company said the fresh equity will strengthen its balance sheet and provide room to grow its housing loan book.
- Indriya is affiliated with Advent International, which the filing describes as a global investor managing over $100 billion with a presence in 44 countries.
- ABHFL reported FY2024-25 revenue of Rs 2,655.18 crore and net worth of Rs 3,783.06 crore, showing the unit’s scale and why added capital can support faster expansion in home lending.