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.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (CAM) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm’s generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With over 1100 lawyers including 220 Partners, the Firm is a full-service law firm with offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
The Firm has been named “Law Firm of the Year 2025” and consistently recognised as “Best Overall Law Firm” by the IBLJ Indian Law Firm Awards. It received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive year in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm also won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
