Aditya Birla Capital Ltd … said its board has approved raising ₹2,100 crore through preferential allotment to marquee investors and promoter group entities. The equity capital will be raised at ₹100 per share, a 10.62% premium to ABCL’s closing price of ₹90.40 as of 4 September 2019, the company said in a press release.

— Mint

Cyril Amarchand Mangaldas advised Aditya Birla Capital Limited led by a team of managing partner Cyril Shroff along with partners Yash Ashar ; Gautam Gandotra and Avaantika Kakkar.

Khaitan & Co acted for Advent International Corporation, led by a core transaction team of partner Aakash Choubey, principal associates Abhishek Dadoo, Vidushi Gupta, senior associate Abir Sarkar and associates Reshma Abraham and Tanvi Dabir, with assistance from partners Rahul Singh and Anisha Chand on competition law aspects and partner Atul Pandey on regulatory law aspects of the transaction.

2019-09-05

Deal value: USD 293 million (approx.)

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