Aditya Birla Capital on Wednesday, May 20, said its board has approved raising up to Rs 4,000 crore through a preferential issue of equity shares at Rs 356.02 per share.
The company will issue 11,23,53,236 fully paid up equity shares of face value Rs 10 each on a private placement basis, subject to shareholder and other required approvals.
As part of the preferential allotment, Aditya Birla Capital will issue 8,08,94,331 equity shares to promoter Grasim Industries for up to Rs 2,880 crore. The company will also issue 56,17,661 equity shares to Suryaja Investments Pte. Ltd., Singapore, an Aditya Birla Group entity, for up to Rs 200 crore.
International Finance Corporation will receive 2,58,41,244 equity shares for an aggregate consideration of up to Rs 920 crore. The company has also executed a share subscription agreement and policy agreement with IFC for the proposed issue.
Preferential issue details
| Investor | Shares to be issued | Amount |
|---|---|---|
| Grasim Industries | 8,08,94,331 | Rs 2,880 crore |
| Suryaja Investments | 56,17,661 | Rs 200 crore |
| International Finance Corporation | 2,58,41,244 | Rs 920 crore |
| Total | 11,23,53,236 | Rs 4,000 crore |
The company said proceeds from the preferential issue will be used for growth objectives including capital base augmentation, funding requirements for the lending business and general corporate purposes, including investments in subsidiaries, joint ventures and associates.
Following the allotment, Grasim Industries’ shareholding in Aditya Birla Capital will rise to 53.08% from 52.27%. IFC will hold 0.95%, while Suryaja Investments will hold 0.21%.
The company will seek shareholder approval for the preferential issue at an extraordinary general meeting scheduled on June 12, 2026.
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