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Informist, Wednesday, May 20, 2026

 

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--Aditya Birla Cap to issue shares worth INR 28.80 bln to promoter Grasim 
--Aditya Birla Cap to issue shares worth INR 9.20 bln to Intl Finance Corp 
--Birla Cap to issue shrs worth INR 2 bln to group entity Suryaja Investments 
--Birla Cap to give shrs worth INR 40 bln to Grasim, others at INR 356.02/shr 
--Grasim shr in Aditya Birla Cap to rise to 53.08% from 52.27% post shr issue

 

MUMBAI – The board of Aditya Birla Capital Ltd. Wednesday approved the issuance of shares worth INR 40 billion to Grasim Industries Ltd., Suryaja Investment Pte. Ltd., and International Finance Corp. to strengthen its capital base and meet its requirement for the next phase, according to an exchange filing. The preferential issue will be undertaken at INR 356.02 per share, which is more than 0.8% higher than Wednesday closing price on the National Stock Exchange.

 

The company has issued the highest number of shares, worth INR 28.80 billion, to Grasim Industries. Following this, the Aditya Birla Group's flagship company's share in Aditya Birla Capital will rise to 53.08% from 52.27%. Aditya Birla Capital issued shares worth INR 9.20 billion and INR 2 billion to International Finance Corp. and Suryaja Investments, respectively.

 

"The proceeds from the preferential issuance will be utilised for meeting the growth objectives including augmentation of the capital base, funding requirements for lending business and other general corporate purposes such as for investment in subsidiaries/joint ventures/associates of the Company," Aditya Birla Capital said.

 

On a consolidated basis, Aditya Birla Capital reported a net profit of INR 11.29 billion on revenues of INR 134.59 billion for the March quarter. Grasim Industries, the non-banking finance company's promoter, reported a net loss of INR 1.64 billion on revenues of INR 117.74 billion for the quarter. Shares of Aditya Birla Capital closed at INR 353.10 Wednesday, up 0.5% from Tuesday. Shares of Grasim Industries ended at INR 2,971.10, up over 1%.  End

 

Reported by J. Navya Sruthi

Edited by Rajeev Pai

 

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