Aditya Birla Capital to raise Rs 2,100 crore from promoter, PE firms

US-based private equity firm Advent International will put in Rs 1,000 crore via its affiliate Jomei Investment Limited

Aditya Birla Capital on Thursday got board approval to raise Rs 2,100 crore from private equity firms — Advent International, Premji Invest — and from its promoter entities, which will be used to pay debt of the company. 

The money will be raised by preferential allotment of equity shares to the marquee investors. “The equity capital will be raised at Rs 100 per share, which is at a 10.62 per cent premium to the closing price of Aditya Birla Capital of Rs 90.40 as on September 4,” the company said. US-based private equity firm Advent International via its affiliate Jomei Investment