AZB & Partners and Cyril Amarchand Mangaldas (CAM) advise on Advent International’s entity Indriya’s ₹2,750 crore investment in Aditya Birla Housing Finance.

The investment represents one of the largest primary capital infusions into an unlisted housing finance company in India, and is intended to support the company’s expansion and long-term growth plans.

AZB & Partners is advising Indriya Limited, an entity of Advent International, on its proposed investment of approximately ₹2,750 crore as growth capital in Aditya Birla Housing Finance Limited, a wholly owned subsidiary of Aditya Birla Capital Limited.

The AZB & Partners deal team was led by Senior Partner Vaidhyanadhan Iyer and Partner Devika Nayak, with support from Senior Associate Sana Nagar and Associates Janhavi Rajkumar and Tamanna, assisted by Associates Gaurav Jayakumar and Shivangi Bhardwaj. Diligence support was provided by Partners Shivanand Nayak, Nishanth Ravindran and Mrinal Shankar, Senior Associates Riddhi Tulshian and Dharma Tej Koneru, and Associates Prapti Parwani, Avani Laad, Shefali Deshmukh, Devavrat Nimbalkar, Shloka Jain, Khushi Jain and Kinjal Parikh, along with Articled Clerk Palomi Visaria. Competition law aspects were handled by Partner Kirthi Srinivas, with support from Associates Shivangi Pradhan, Ashna Mahajan and Arth Doshi.

Cyril Amarchand Mangaldas is advising Aditya Birla Capital Limited and Aditya Birla Housing Finance Limited on the investment. The firm is advising on structuring, documentation and regulatory aspects, and is also conducting vendor due diligence.

The Cyril Amarchand Mangaldas team is led by Partners Anchal Dhir and Shubham Rastogi, with assistance from Senior Associates Varun Kannan and Aman Deep Borthakur and Associates Devanshi Soni and Judy Gantzer. Vendor due diligence is being led by Partner Shubham Rastogi, with support from Senior Associate Aman Deep Borthakur and Associates Judy Gantzer, Divyam Garg, Pratham Shah, Neelanshi Gupta and Geetika Kaura.

Regulatory diligence is being handled by Partner Jian Johnson, supported by Senior Associate Shobhit Dave and Associates Yusuf Kathawala, Eesha Tirodkar, Kruttika Lokesh and Naomi Manoj. Employment law aspects are being advised by Partner Anna Thomas, with assistance from Senior Associate Kunal Sharma and Associates Mehul Mayank and Tara Thakur. Partner Arun Prabhu is advising on IT and IP matters, supported by Principal Associates Arpita Sengupta and Apoorva Sundar and Associates Rushil Mehta and Shikhar Sharma. Competition law advice is being led by Partner Avaantika Kakkar, with support from Associates Mohini Parghi and Arundhati Rajput.