Aditya Birla Capital shares will be in focus as Advent International plans to sell a 1.4% stake via a Rs 856-crore block deal at Rs 237.81 per share, nearly 2% below the last NSE close. The PE firm, which invested Rs 1,000 crore in 2020, stands to earn a 138% return. A 30-day lock-in applies to the offloaded shares.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets