According to media reports, Advent affiliate Jomei Investments plans to sell 3.6 crore shares ? representing a 1.4% stake in Aditya Birla Capital Limited (NSEI:ABCAPITAL) ? via open market transactions.
The floor price for the deal has been set at INR 237.81 per share, nearly 2% below the previous NSE closing price. At this price, the deal size is estimated at around INR 85.6 billion. As of March 2025, Advent held a 3.84% stake in Aditya Birla Capital.
The offloaded shares will be subject to a 30-day lock-in period. Advent originally invested INR 10.00 billion in 2020 through a preferential allotment of 10 crore equity shares at INR 100 a piece.
