Advent International to acquire a 14.3% stake in Aditya Birla Housing Finance from Aditya Birla Capital for $304m.

Advent International, a private equity firm, agreed to acquire a 14.3% stake in Aditya Birla Housing Finance, an India-based housing finance company, from Aditya Birla Capital, a financial services provider operating as a diversified non-banking financial company, for $304m. "We are excited to partner once again with the Aditya Birla Group through our investment in Aditya Birla Housing. India's mortgage market is benefiting from strong structural tailwinds, led by supportive government initiatives and a constructive regulatory framework. Against this backdrop, Aditya Birla Housing has built a high-quality, trusted franchise with strong risk practices and governance standards that are synonymous with Aditya Birla Group companies. We have strong conviction in the leadership team and are delighted to support them as the Company enters its next phase of growth,” Shweta Jalan, Advent International Managing Partner.