US EditionAditya Birla Capital Block Deal: Advent International Offers 1.4% Stake For Rs 856 Crore
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Aditya Birla Capital Block Deal: Advent International Offers 1.4% Stake For Rs 856 Crore
US private equity firm Advent International is set to reduce its shareholding in Aditya Birla Capital Ltd. via open market transactions on Wednesday.Advent affiliate Jomei Investments has offered to sell 3.6 crore shares or 1.4% equity via block trade mechanism, according to the term sheet accessed by NDTV Profit. The firm set floor price at Rs 237.81 apiece, a 2% discount to last close price on NSE.At this price, the deal is valued at Rs 856 cr…
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