Grasim Subsidiary Allots Equity Shares Worth ₹235 Cr

Grasim Industries Limited's subsidiary, Aditya Birla Renewables Limited (ABReN), has approved the allotment of 23,15,27,093 equity shares of face value ₹10 each at a premium of ₹0.15 per share. The total issue price amounts to ₹10.15 per share, aggregating to ₹234.99 crore. This private placement on a preferential basis will increase ABReN's paid-up equity share capital from ₹1,683.51 crore to ₹1,915.03 crore. The total paid-up share capital of ABReN will reach ₹3,505.03 crore.