Advent exits Aditya Birla Capital with Rs 16.4 billion stake sale

30 Oct 2025 CW Team

Advent International, the US-based private equity firm, has fully exited Aditya Birla Capital by selling its entire 2.04 per cent stake for Rs 16.4 billion through open market transactions on Tuesday.

The sale was carried out via Jomei Investments Ltd, Advent’s special purpose vehicle, which offloaded 26.6 million shares on both the BSE and NSE through separate block deals. The combined transaction was valued at approximately Rs 16.38 billion, with shares sold at an average price of Rs 308 each on both exchanges.

Among the buyers were Goldman Sachs, Morgan Stanley, Norges Bank, Société Générale, HDFC Life Insurance, ICICI Prudential Life, ITI Mutual Fund, Motilal Oswal Mutual Fund, SBI Mutual Fund, and the National Pension System Trust.

Following the transaction, shares of Aditya Birla Capital rose 0.87 per cent to close at Rs 313.45 on the NSE, while on the BSE, the stock gained 0.58 per cent to settle at Rs 312.45.

This marks Advent’s second exit from the company in recent months. In June 2025, the firm sold 23.4 million shares of Aditya Birla Capital on both exchanges for a combined Rs 11.36 billion.

Advent first invested in the company in September 2019, when Aditya Birla Capital’s board approved a Rs 21 billion preferential equity issue to promoters and marquee investors, including Advent. Of this, around Rs 10 billion came from an entity affiliated with the private equity firm.

Aditya Birla Capital operates across a diverse range of financial services, including non-banking finance, asset management, life and health insurance, and housing finance, among others.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..