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Aditya Birla Capital Ltd, the holding company of the Aditya Birla Group’s financial services businesses, has raised Rs 2,100 crore from its Promoter, Promoter Entities and private equity investors, including Advent International and homegrown investor PremjiInvest.
Cyril Amarchand Mangaldas advised Aditya Birla Capital and the team was led by Managing Partner Cyril Shroff, along with Partners Yash Ashar, Gautam Gandotra, Avaantika Kakkar, along with Principal Associate Neha Samant and Dhruv Rajain, and Associates Parth Desai and Surbhi Purohit.
Khaitan & Co acted for Advent International.
Advent will pump in Rs 1,000 crore while the family investment arm of Wipro Ltd’s Azim Premji will put in Rs 100 crore and another Rs. 1000 crore from Aditya Birla Promoter and Promoter Group Entities. Advent will hold a 4.15% stake while PremjiInvest, an existing investor, will own about 4.11%, reported VCCircle.
To be updated.