CCI approval for Advent International unit Indriya to buy 14.286% in Aditya Birla Housing Finance

India’s competition regulator, the CCI, cleared Advent International’s plan to buy a minority stake in Aditya Birla Housing Finance Ltd. The approval covers a 14.286 per cent holding through Indriya Ltd. The deal involves fresh shares issued on a private placement basis. Post-transaction, Aditya Birla Housing Finance will be valued at Rs 19,250 crore.

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The approval followed earlier board decisions at Aditya Birla Capital and Aditya Birla Housing Finance. In February 2026, both boards approved a primary capital infusion of Rs 2,750 crore. The funds were proposed to come from Indriya Ltd, which is one of Advent International’s entities. The CCI described the transaction as a preferential issue.

CCI approval for Aditya Birla Housing Finance stake acquisition

The regulator said the proposed combination involved equity shares issued to Indriya Ltd. It added that the stake would be 14.286 per cent of post-issue paid-up equity. The calculation was on a fully diluted basis. This was to be done through a preferential issue on a private placement basis.

ABHFL provides home loans and other secured lending products. These include loans against property, construction finance loans, and lease rental discounting loans. Aditya Birla Housing Finance Ltd is a wholly-owned subsidiary of Aditya Birla Capital Ltd. The CCI also confirmed its decision through a social media post.

"CCI approves the acquisition of equity shares amounting to 14.286 per cent of the Aditya Birla Housing Finance Limited, by the Indriya Limited, Competition Commission of India CCI said in a post on X.\"

CCI clearance for Citrus Investment and Hitachi Construction Machinery

In a separate release on Tuesday, the watchdog approved another transaction involving Hitachi Construction Machinery Co., Ltd. It cleared Citrus Investment LLC’s purchase of an additional 0.4 per cent shareholding in HCM. The decision also covered Citrus gaining sole control of HCJI Holdings K K. HCJI is described as a 50:50 joint venture.

The CCI noted that Citrus operates as an investment vehicle for holding shares. It said Citrus is not engaged in other business activities in India or globally. HCM is listed on the Tokyo Stock Exchange. HCM is engaged in manufacturing construction equipment, according to the regulator’s release.

CCI nod for Indus Infra Trust acquisition of KNR SPVs

The regulator also approved Indus Infra Trust’s acquisition of KNR SPVs from KNR Constructions Ltd. The clearance covered a 100 per cent equity shareholding purchase. Indus Infra Trust is a Sebi-registered infrastructure investment trust. KNR SPVs were incorporated by KNR as special purpose vehicles for road projects.

KNR SPVs entered concession agreements with the National Highway Authority of India. The agreements covered developing, building, operating and maintaining projects. These projects were under the Hybrid Annuity Model. The CCI also posted about this approval on X, alongside its formal release.

\"CCI approves acquisition of 100 per cent equity shareholding of KNR SPVs by Indus Infra Trust from KNR Constructions Limited, CCI said on X.\"

The CCI reviews deals that cross specified thresholds and require regulatory clearance. Such scrutiny is meant to check unfair business practices and support fair competition. Tuesday’s set of approvals covered housing finance, construction equipment shareholding, and highways infrastructure assets. The regulator issued separate releases for each transaction.

With inputs from PTI