Board Meeting20 May 2026, 03:58 pm
Aditya Birla Capital Board Approves ₹4,000 Cr Preferential Allotment
AI Summary
Aditya Birla Capital Ltd's board approved a preferential allotment on a private placement basis aggregating up to ₹4,000 crore. This involves issuing 11,23,53,236 equity shares at ₹356.02 each. Grasim Industries will receive 8,08,94,331 shares for ₹2,880 crore, Suryaja Investments Pte. Ltd. will get 56,17,661 shares for ₹200 crore, and International Finance Corporation will be allotted 2,58,41,244 shares for ₹920 crore. An EGM is scheduled for June 12, 2026, to seek shareholder approval.
Key Highlights
- Board approves preferential allotment of equity shares for ₹4,000 crore.
- Grasim Industries to receive shares worth ₹2,880 crore.
- Suryaja Investments to receive shares worth ₹200 crore.
- International Finance Corporation to receive shares worth ₹920 crore.
- EGM scheduled on June 12, 2026, for shareholder approval.
Price Impact
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