Based mostly non-public fairness investor Introduction Worldwide’s affiliate Jomei Investments has exited its complete 2% fairness stake in India’s Aditya Birla Capital, change knowledge confirmed on Tuesday.
Jomei bought its 53.2 million shares within the Indian monetary providers agency at 308 rupees per share, valuing the sale at 16.39 billion rupees ($186.47 million), in response to Reuters calculations.
The ground worth is at a reduction of 1.5% from Aditya Birla’s final shut of 312.6 rupees.
Aditya Birla Capital and Introduction Worldwide didn’t instantly reply to Reuters’ requests for remark.
Earlier in June, Introduction Worldwide bought a 1.4% stake in Aditya Birla Capital at a reduced flooring worth of 237.8 rupees per share, elevating 8.56 billion rupees
