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Grasim invests ₹2,879 crore to boost Aditya Birla Capital stake
Grasim boosted its stake in Aditya Birla Capital to 52.30% with a ₹2,879 crore preferential issue. IFC invested ₹919 crore at the same price.
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Grasim Industries poured ₹2,879 crore into Aditya Birla Capital through a preferential share allotment on June 23, nudging its stake from 52.27% to 52.30%. The company received 8.09 crore equity shares at ₹356 each, with a premium of ₹346 per share, Aditya Birla Capital said in a regulatory filing.
Two other participants joined the issue on the same terms. Suryaja Investments Pte Ltd, a promoter-group entity based in Singapore, bought 56.18 lakh shares for about ₹200 crore. International Finance Corporation, a multilateral lender, acquired 2.58 crore shares at the same ₹356 price, investing roughly ₹919 crore.
The allotments will lift Aditya Birla Capital's paid-up equity capital from ₹2,622 crore to ₹2,734 crore, the company said.
Aditya Birla Capital, a non-banking financial company, reported consolidated turnover of ₹45,509 crore in FY26, up from ₹40,590 crore a year earlier. The preferential price of ₹356 per share sets a floor for the promoter group's valuation in this round.