Investment20 May 2026, 04:41 pm
Grasim to Invest ₹2,880 Cr in Aditya Birla Capital's Equity Raise
AI Summary
Grasim Industries Ltd's board has approved an investment of up to ₹2,880 crore in Aditya Birla Capital Limited (ABCL), its subsidiary, through a preferential issue of equity shares. ABCL is raising up to ₹4,000 crore, with the remaining ₹920 crore coming from International Finance Corporation. The preferential issuance will be at ₹356.02 per equity share. Grasim's shareholding in ABCL will increase from 52.27% to 53.08%. The funds will be used to strengthen ABCL's capital base and for growth objectives, including lending business and investments in subsidiaries/joint ventures/associates.
Key Highlights
- Grasim to invest up to ₹2,880 crore in ABCL's preferential equity issue.
- ABCL's total equity raise is up to ₹4,000 crore.
- The preferential issue price is ₹356.02 per equity share.
- Grasim's stake in ABCL will increase to 53.08% post-investment.
- ABCL will use the funds for capital augmentation and growth initiatives.
Price Impact
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