Aditya Birla Capital Block Deal: Jomei Investments likely to offload 2% stake

Jomei Investments is likely to sell up to a 2% stake in Aditya Birla Capital Ltd (ABCL) through block deals, according to sources. The investor plans to offload around 53.2 million shares at a floor price of ₹304.55 per share.

Jomei Investments is a special purpose vehicle owned by Advent International Corporation, while ABCL is the holding company of the financial services businesses of the Aditya Birla Group.

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The floor price represents a discount of 0–2% to the company’s current market price. The proposed transaction is expected to raise over ₹1,600 crore based on the floor price.

First Quarter Results

Aditya Birla Capital's consolidated net profit rose 10% year-on-year to ₹835 crore, while revenue grew 9.6% to ₹9,502.6 crore. The total lending portfolio stood at ₹1.66 lakh crore, marking a 30% YoY and 5% sequential rise.

The mutual fund average AUM reached ₹4.03 lakh crore, up 14% YoY, while the life insurance individual first-year premium grew 23% YoY to ₹795 crore. Gross written premium for health insurance jumped 30% YoY to ₹1,357 crore.

Also Read: Aditya Birla Capital Block Deal | 2.34 crore shares worth ₹568 crore change hands

The NBFC arm reported disbursements of ₹15,851 crore, up 18% YoY. AUM grew 22% YoY to ₹1.31 lakh crore. Profit before tax rose 11% YoY to ₹925 crore, with return on assets at 2.25%. Asset quality improved, with gross stage 2 and 3 ratios down 75 bps YoY to 3.7%.

Shares of Aditya Birla Capital Ltd ended at ₹310.55, up by ₹4.65, or 1.52%, on the BSE.