mumbai, Feb. 4 -- Private equity firm Advent International will buy a 14.3% stake in Aditya Birla Housing Finance Ltd (ABHFL) for Rs.2,750 crore, valuing the company at Rs.19,250 crore on a post-money basis. The lender's listed parent Aditya Birla Capital will retain an 85.7% stake, according to a regulatory filing. Advent, which was an investor in Aditya Birla Capital from 2020 to 2025, will route the investment through its affiliate Indriya Ltd. The deal highlights growing foreign interest in India's financial sector. In 2025, Sumitomo Mitsui Banking Corp. bought 20% of Yes Bank for $1.58 billion, MUFG acquired a 20% stake in Shriram Finance Ltd for $4.4 billion, Mizuho Securities took a majority stake in Avendus, and Emirates NBD agreed to buy 60% of RBL Bank for Rs.26,850 crore. Aditya Birla Housing Finance is among India's top three housing finance firms in terms of incremental loan book growth. Its assets under management (AUM) rose at a compounded annual growth rate of 48% over the past three years to Rs.42,204 crore as of December 31, 2025. ABHFL maintains a gross stage 3 ratio of 0.54% and a net stage 3 ratio of 0.23%, it said. "The proposed capital infusion will strengthen ABHFL's financial foundation, enable deeper market penetration, and enhance its ability to shape India's inclusive and sustainable housing finance ecosystem," Kumar Mangalam Birla, chairperson of the Aditya Birla Group, said in a statement. The Advent deal is ABHFL's first primary capital infusion. A year ago, the company had raised Rs.830 crore via non-convertible debentures from the World Bank Group's International Finance Corp., mainly for low- and middle-income housing loans and MSME lending. In May 2025, Aditya Birla Capital also infused Rs.249 crore into the unit. Shweta Jalan, managing partner at Advent International, said the firm sees "strong structural tailwinds" in India's mortgage market, driven by supportive government initiatives and a constructive regulatory framework. She added that Advent has strong conviction in ABHFL's leadership and will back the company through its next growth phase. The deal comes at a time when housing finance companies (HFCs) are increasingly leaning on non-housing loans to protect margins and growth....