CCI approves acquisition of Advent 1

Fair trade regulator CCI on Tuesday approved Advent International’s proposal to acquire 14.3 per cent stake in Aditya Birla Housing Finance Ltd.

The development comes after the boards of Aditya Birla Capital and Aditya Birla Housing Finance approved a proposal for primary capital investment of ₹2,750 crore in ABHFL in February 2026 from Indriya Limited, one of the entities of Advent International.

“The proposed combination envisages the acquisition of equity shares (through preferential issue on private placement basis) amounting to 14.286 per cent of the post-issue paid up equity share capital of Aditya Birla Housing Finance Limited, on a fully diluted basis, by Indriya Limited,” the regulator said in a release.

Aditya Birla Housing Finance Limited (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 Limited (ABCL).

“CCI has approved the acquisition of 14.286 per cent equity shares of Aditya Birla Housing Finance Limited by Indriya Limited,” the Competition Commission of India (CCI) said in a post on Twitter.

Aditya Birla Housing Finance will be valued at ₹19,250 crore after the transaction.

In a separate release on Tuesday, the competition watchdog gave its approval for the acquisition of additional shareholding of 0.4 per cent in Hitachi Construction Machinery Co Ltd (HCM) and sole controlling interest of its 50:50 joint venture, HCJI Holdings KK (HCJI) by Citrus Investments LLC (Citrus).

Citrus operates as an investment vehicle for holding shares and is not engaged in any other business or activities in India or globally, while HCM is listed on the Tokyo Stock Exchange and is engaged in the business of construction equipment manufacturing.

In another release, CCI approved the acquisition of 100 per cent equity shareholding of KNR SPV by Indus Infra Trust from KNR Construction Limited.

Indus Infra Trust is a SEBI-registered infrastructure investment trust, while KNR SPV has been incorporated as a special purpose vehicle by KNR.

KNR SPV entered into concession agreement with the National Highways Authority of India to develop, construct, operate and maintain infrastructure projects under the hybrid annuity model.

“CCI has approved the acquisition of 100 per cent equity shareholding of KNR SPV from KNR Construction Limited by Indus Infra Trust,” the CCI said on Thursday.

Deals above a certain limit require approval from the regulator, which keeps an eye on unfair business practices as well as promotes fair competition in the market.