Venture Intelligence (TSJ Media Pvt. Ltd.)
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Advent Intl exits Aditya Birla Capital; sells 2% stake for Rs.1,639-Cr
Private equity firm Advent International has completely exited Mumbai-based financial services firm Aditya Birla Capital by selling its 2.04% stake in the company for INR 1,639 crore through open market transactions.Advent, through its special purpose vehicle Jomei Investments Ltd, offloaded 2.66 crore shares INR 308 apiece through separate block deals on the BSE and NSE, aggregating to INR 1,638.56 crore.
In Sep-2019, Advent International had invested INR 1,000 Cr for a 4.15% stake in Aditya Birla Capital. Other investors in the company include PremjiInvest.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.