CCI Approves Indriya Ltd.'s Acquisition of Aditya Birla Housing Finance Ltd. Shares
The Competition Commission of India has given its approval for Indriya Ltd. to acquire 14.286% equity shares of Aditya Birla Housing Finance Ltd. The deal, executed through preferential issue on a private placement basis, involves a significant stake in the Indian housing finance company, registered with the National Housing Bank. Indriya Ltd., an investment holding company without current operations in India, will secure this share of the post-issue paid-up equity share capital. More details on the transaction will be provided in a forthcoming detailed order.
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