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.

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