PE firm ADV Partners sells 10.46% stake in Amber Enterprises for ₹604 crore

Date posted: Monday 14 September 2020

Singapore based private equity firm ADV Partners sold a 10.46% stake in Amber Enterprises Ltd for ₹604 crore through open market transactions. As per the bulk deal data on NSE, 32.9 lakh shares or 10.46% of equity of Amber Enterprises were sold by Ascent Investment Holdings PTE, a unit of ADV Partners, at an average price of ₹1,835.93 per share aggregating to ₹603.80 crore. Before the transaction, ADV Partners held 20.9% shares of the company.

(Live Mint)