Indian private equity firm Premji Invest has invested Rs. 700 crore ($109 million) picking up a 2.2% stake in Aditya Birla Capital.
The deal values the financial services arm of the Aditya Birla Group at Rs 32,000 crore, reported ET .
AZB & Partners acted for Premji Invest and the team was led by Partners Srinath Dasari and Nanditha Gopal.
Cyril Amarchand Mangaldas advised Aditya Birla Capital and the team was led by Partner Nivedita Rao.
News Source- Bar&Bench;
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