Archive · 11 Jun 2025
Aditya Birla Capital Shares Rise Despite Stake Sale
A company, Aditya Birla Capital, saw its stock price go up a bit even though another company, Jomei Investments (part of Advent International), sold some of its shares.
This is like selling pieces of the company.
On Wednesday, they sold a small part, and the shares were worth about ₹568 crore.
The price per share was ₹242.7.
Before that, on Tuesday, Jomei Investments began a bigger sale, planning to sell more shares which would be worth about ₹856 crore.
Aditya Birla Capital shares increased nearly 3% in intraday trading on Wednesday.
Advent International, through Jomei Investments, sold a portion of its stake.
Approximately 0.9% equity stake, valued at ₹568 crore, was sold on Wednesday.
Shares were traded at ₹242.7 each on Wednesday.
A larger block deal was initiated on Tuesday to offload a 1.4% stake, with an estimated value of ₹856 crore.
- Who
- Jomei Investments (Advent International's special purpose vehicle) and Aditya Birla Capital
- What
- Jomei Investments sold a portion of its stake in Aditya Birla Capital.
- When
- Wednesday, June 11, and Tuesday, June 10
- Where
- N/A
- Why
- N/A
- Block Deal Value (Wednesday)
- ₹568 crore
- Stake Sold (Wednesday)
- 0.9%
- Share Price (Wednesday)
- ₹242.7
- Block Deal Value (Tuesday)
- ₹856 crore
- Stake Sold (Tuesday)
- 1.4%
