BENGALURU, Oct. 29 -- US private equity firm Advent International Corp. on Wednesday sold its entire 2% stake in Aditya Birla Capital Ltd (ABCL) via a block deal, raising about Rs.1,638-1,640 crore.

The stake comprises 53.2 million shares, which were sold by Jomei Investments, a special-purpose affiliate of Advent, at Rs.308 apiece, according to exchange data.

Shares of Aditya Birla Capital today ended at Rs.311 on the National Stock Exchange, down 0.5% from the previous close.

In June, Advent sold about 36 million shares, or 1.4%, of Aditya Birla Capital at a floor price of Rs.237.8 per share. It had raised roughly Rs.856 crore through the deal.

The US firm's affiliate Jomei had invested Rs.1,000 crore in Aditya Birla Capital in 2020...