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.

Infrastructure Energy

23 Dec 2025

Delhi HC Stays PGCIL Order against KEC International

KEC International has informed stock exchanges of a significant legal development concerning its eligibility to participate in tenders floated by Power Grid Corporation of India (PGCIL), in a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.The update follows the company’s earlier intimation dated November 18, 2025, regarding an order issued by PGCIL that excluded KEC International from participating in its tenders for a period of nine months. Challenging the said order, the company filed a writ petition before the Hon’ble High C..

LANXESS Advances Pigment Solutions for New-Age Concrete Technologies

LANXESS is deepening its engagement with next-generation concrete technologies by advancing research into the performance of iron oxide pigments across emerging construction applications, including self-compacting concrete (SCC), geopolymers and 3D-printed concrete. Through extensive investigations and long-term weathering tests, iron oxide pigments have proven their suitability for a wide range of concrete construction materials, though their use in new formulations requires a thorough understanding of construction chemistry and material interactions.According to Oliver Fleschentraeger, Techn..

JHS Svendgaard to Invest Rs 250 Million in Kala Amb Expansion

JHS Svendgaard Laboratories (JHS), a leading Indian manufacturer of oral care products, has announced an investment of Rs 250 million to expand its manufacturing footprint in Kala Amb, Himachal Pradesh. The investment is aimed at strengthening production capacity, introducing advanced technologies and supporting the company’s next phase of growth in response to rising domestic and global demand.As part of the expansion plan, JHS will construct a new 100,000 sq ft manufacturing facility on its existing five-acre land parcel at Kala Amb. The project is expected to be executed over a two-year p..