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Grasim invests Rs.2,880-Cr to up stake in Aditya Birla Capital

Business Line  

Grasim Industries has invested INR 2,879 crore to increase its stake in fellow Aditya Birla Group NBFC (non-banking financial company) Aditya Birla Capital through a preferential issue from 52.27% to 52.30%. Grasim Industries was allotted 8.09 crore equity shares at a price of INR 356 per share. The transaction also included allotments to other entities, with Suryaja Investments, another Aditya Birla Group entity, investing INR 200 crore for 56.18 lakh equity shares. Previously, International Finance Corporation had acquired 2.58 crore equity shares for over INR 919 crore. Following these allotments, the paid-up equity share capital of Aditya Birla Capital will increase from INR 2,622 crore to INR 2,734 crore.

Between Jul 2017 and May 2026, Aditya Birla Capital had attracted about $ 497 M from Advent International, PremjiInvest, IFC and others.For FY25, Aditya Birla Capital had reported about INR 15,419 Cr in Operating Income and about INR 2,957 Cr in PAT.