Advent International Affiliate to Divest 2% Stake in Aditya Birla Capital for Rs 1,624 Crore
Jomei Investments Ltd., an affiliate of Advent International, plans to sell 53.2 million shares (2% stake) in Aditya Birla Capital through a block deal. The sale is priced at Rs 304.55 per share, totaling Rs 1,623.75 crore. This follows a previous sale in June and represents a potential 204.55% return on Advent's initial 2020 investment. Aditya Birla Capital has shown strong market performance, with its stock price gaining 72% year-to-date and the company recently raising over Rs 4,500 crore through private placement of bonds.

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Jomei Investments Ltd., an affiliate of Advent International, is set to sell a significant stake in Aditya Birla Capital , marking another major move in the company's investment strategy. This development comes amid Aditya Birla Capital's recent market performance and capital raising activities.
Stake Sale Details
Jomei Investments plans to offload 53.2 million shares, representing a 2% stake in Aditya Birla Capital, through a block deal. Here are the key details of the transaction:
| Aspect | Details |
|---|---|
| Seller | Jomei Investments Ltd. (Advent International affiliate) |
| Number of Shares | 53.2 million |
| Stake Percentage | 2% |
| Price per Share | Rs 304.55 |
| Total Deal Value | Rs 1,623.75 crore |
| Broker | IIFL Capital |
Investment History and Returns
Advent International's investment in Aditya Birla Capital has shown significant appreciation:
| Event | Details |
|---|---|
| Initial Investment (2020) | Rs 1,000 crore for 10 crore shares at Rs 100 each |
| Current Sale Price | Rs 304.55 per share |
| Potential Return | 204.55% on investment |
This stake sale follows a previous transaction in June where Jomei Investments sold 3.6 crore shares (1.4% equity) at Rs 237.81 per share, totaling Rs 856 crore.
Aditya Birla Capital's Recent Performance
The company has shown strong market performance and engaged in significant capital raising:
| Metric | Value |
|---|---|
| Recent Life High | Rs 307.80 per share |
| Market Capitalization | Touched Rs 80,000 crore |
| 12-Month Share Price Gain | 24% |
| Year-to-Date Share Price Gain | 72% |
| Recent Capital Raised | Over Rs 4,500 crore through private placement of non-convertible bonds |
Implications and Outlook
This stake sale by Advent International's affiliate reflects the private equity firm's investment strategy and potentially signals their view on Aditya Birla Capital's valuation. The transaction, if successful, will reduce Jomei Investments' stake in the company from the 3.84% held as of March 2023.
For Aditya Birla Capital, the continued interest from institutional investors and the recent capital raising efforts through bond issuance suggest a focus on strengthening its financial position and supporting growth initiatives.
Investors and market watchers will likely keep a close eye on how this stake sale affects Aditya Birla Capital's stock price and whether it leads to any changes in the company's strategic direction or governance.
Historical Stock Returns for Aditya Birla Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.50% | +1.77% | +7.21% | +55.83% | +53.18% | +376.61% |
















































