CCI Approves Indriya Stake Acquisition In Aditya Birla Housing

09 Apr 2026 CW Team

The Competition Commission of India (CCI) has approved Indriya Limited (the acquirer) acquiring equity shares equal to 14.286 per cent of the post-issue paid up equity share capital of Aditya Birla Housing Finance Limited (the target) on a fully diluted basis through a preferential issue on a private placement basis. The approval follows the filing of the proposed combination and completes the statutory clearance required under the Competition Act. The regulator assessed the competition implications and has cleared the proposed stake acquisition.

Indriya Limited is an investment holding company that currently does not have operations in India and intends to hold the stake as a strategic financial investment. The investment will make Indriya a minority shareholder in the target, and any future operational involvement would be subject to corporate approvals. The parties set out the rationale and structure of the allotment in their filing to the regulator.

Aditya Birla Housing Finance Limited is registered with the National Housing Bank as a non-deposit accepting housing finance company and provides home loans, loans against property, construction finance loans and lease rental discounting loans. The target operates in the regulated housing finance sector and supplies secured lending products to individual and institutional borrowers across India. The filing did not indicate an immediate change to the target's product mix as a consequence of the proposed investment.

The Commission stated that a detailed order will follow and that the public record will be updated with any further material information on the combination. The clearance allows the parties to proceed with implementation steps described in their filing, while any additional approvals under other statutes remain the responsibility of the parties. The regulator's clearance is a procedural milestone in the transaction process and further developments will be reflected in the forthcoming order.

Real Estate

10 Apr 2026

Ekta Victoria Brings Boutique Living to Bandra West

Ekta World has unveiled Ekta Victoria, a boutique residential development on St Alexious Road in Bandra West, one of Mumbai’s most premium neighbourhoods. Located close to Pali Hill, the project combines colonial architectural influences with contemporary luxury living. The 11-storey tower is designed to bring a distinctive visual identity to the Bandra skyline while offering residents both tranquillity and urban connectivity. The project has received its RERA registration and is expected to be ready for possession in 2028.The development offers two- and three-bed residences ranging from 904..

NAREDCO Maharashtra Backs Rental Housing Push

Rental housing must be incentivised through tax reliefs and policy reforms to make ‘Housing for All’ achievable at scale, said Dr Niranjan Hiranandani, NAREDCO and Managing Director, Hiranandani Group, at NAREDCO Maharashtra’s recent Change of Guard Ceremony in Mumbai.At the event, Kamlesh Thakur, Founder and Managing Director, Srishti Group, took over as President of NAREDCO Maharashtra from Prashant Sharma. The new leadership outlined an inclusive agenda centred on policy advocacy, transparency and sectoral growth.NAREDCO Maharashtra also launched the ‘NAREDCO ONE’ digital app to b..

Polycab Opens Quick Service Depot in Amritsar

Polycab India has expanded its distribution infrastructure with the launch of a new Quick Service Depot in Amritsar.The move is aimed at strengthening the company’s supply chain and improving delivery speed, service responsiveness and market reach across Punjab and Jammu.Spread across about 15,000 sq ft, the depot will support the distribution of Polycab’s product portfolio, including wires and cables, lighting, fans, switches, switchgear, conduits and pipes, and solar products. The facility is expected to enable faster order fulfilment, improve product availability for channel partners an..