February 09, 2025, Mumbai: Cyril Amarchand Mangaldas is advising Aditya Birla Capital Limited and its wholly owned subsidiary Aditya Birla Housing Finance Limited (“Company”) on the proposed investment of ≈INR 2,750 crores as growth capital in the Company by Indriya Limited, one of the entities of Advent International, L.P. (“Proposed Transaction”). The Proposed Transaction represents one of the largest primary fund raises by an unlisted housing finance company in India.
Deal team led by Anchal Dhir and Shubham Rastogi, Partners; with assistance from Varun Kannan and Aman Deep Borthakur, Senior Associates; Devanshi Soni, and Judy Gantzer, Associates; advised on key considerations for structuring and finalising binding documentation for the Proposed Transaction.
Shubham Rastogi, Partner, with assistance from Aman Deep Borthakur, Senior Associate; Judy Gantzer, Divyam Garg, Pratham Shah, Neelanshi Gupta, and Geetika Kaura, Associates undertook vendor due diligence of the Company.
Jian Johnson, Partner; with assistance from Shobhit Dave, Senior Associate; and Yusuf Kathawala, Eesha Tirodkar, Kruttika Lokesh, Naomi Manoj, Associates; assisted with the regulatory aspects of the vendor due diligence.
Anna Thomas, Partner; with assistance from Kunal Sharma, Senior Associate; Mehul Mayank, Tara Thakur, Associates; assisted with the employment law related aspects of the vendor due diligence.
Arun Prabhu, Partner; (Co-Head – Digital | TMT); with assistance from Arpita Sengupta, and Apoorva Sundar, Principal Associates; and Rushil Mehta, Shikhar Sharma, Associates; assisted with the IT/ IP related aspects of the vendor due diligence.
Avaantika Kakkar, Partner (Head – Competition); with assistance from Mohini Parghi and Arundhati Rajput Associates; is advising on competition law aspects.