Intentar ORO - Gratis
Advent exits Aditya Birla Cap, nets 2.5x
Mint Ahmedabad
|October 30, 2025
US private equity firm Advent International Corp. on Wednesday sold its entire 2% stake in Aditya Birla Capital Ltd (ABCL) via a block deal, raising about ₹1,638-1,640 crore.
The stake comprises 53.2 million shares, which were sold by Jomei Investments, a special-purpose affiliate of Advent, at ₹308 apiece, according to exchange data.
Shares of Aditya Birla Capital ended at ₹311 on the National Stock Exchange (NSE) on Wednesday, down 0.5% from the previous close. In June, Advent sold about 36 million shares, or 1.4%, of Aditya Birla Capital at a floor price of ₹237.8 per share. It had raised roughly ₹856 crore through the deal.
Esta historia es de la edición October 30, 2025 de Mint Ahmedabad.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint Ahmedabad
Mint Ahmedabad
Govt plans to nudge auto industry to invest in a rare-earth-free future
The government plans to nudge the automobile industry to invest in research and development (R&D) of rare-earth-magnetfree technology, according to two officials aware of the plan, as the country seeks to break free from China's stranglehold and adopt cleaner solutions.
2 mins
November 04, 2025
Mint Ahmedabad
Nukes: We should push for a no-first-use treaty
As nuclear weapons threaten to escape restraints, India must champion its own doctrine as a pledge for countries with such arsenals to adopt. The safety of the world demands no less
2 mins
November 04, 2025
Mint Ahmedabad
China's AI push: Can popular adoption boost its economy?
Mass usage of AI sounds promising but it needs to prove useful
3 mins
November 04, 2025
Mint Ahmedabad
Double relief for Vi on AGR dues, legacy income tax case
Back-to-back reliefs lift Vodafone Idea's stock nearly 10% amid hopes of regulatory reprieve
3 mins
November 04, 2025
Mint Ahmedabad
Gold import rules under UAE pact tightened
The directorate general of foreign trade (DGFT) has revised procedures for allocating tariff rate quotas for gold imports under the IndiaUAE comprehensive economic partnership agreement (Cepa), introducing new eligibility criteria and shifting to a competitive online bidding system.
1 min
November 04, 2025
Mint Ahmedabad
Trump says Xi Jinping will help fight fentanyl. Will China follow through?
For years, the U.S. and China have been locked in a pattern on the deadly issue of fentanyl. The White House pressures Beijing to stop Chinese companies from exporting chemicals used to make the drug to Mexico. Beijing takes incremental steps in exchange for Washington dialing down economic pressure-only for China to drag its feet when relations deteriorate.
3 mins
November 04, 2025
Mint Ahmedabad
Banks trim gilts to power loan book as deposits lag
Banks have been liquidating their holdings in government securities in order to finance credit growth at a time deposits remain hard to come by, Reserve Bank of India (RBI) data showed.
1 min
November 04, 2025
Mint Ahmedabad
Fountain pens are more popular than ever—and purists are fuming
Paul Homchick bought his first fountain pen three decades ago. He was working as an engineering consultant and wanted to seem trustworthy as he took notes.
3 mins
November 04, 2025
Mint Ahmedabad
Should India’s inflation tracker account for free food handouts?
The government's foodgrain provisions reduce the cost of living but every statistical measure must retain conceptual clarity
4 mins
November 04, 2025
Mint Ahmedabad
India one of the most active mkts in Asia for KKR: Co-CEO
According to Nuttall, the exact trajectory will depend on the opportunity set on the ground
3 mins
November 04, 2025
Listen
Translate
Change font size