Grasim Industries Limited has announced a significant investment of ₹2,880 crore in Aditya Birla Capital Limited (ABCL), a subsidiary of the company. The investment, approved by Grasim’s Board of Directors on 20th May 2026, will be made in one or more tranches as part of a preferential issue of equity shares by ABCL.
The total equity raise by ABCL is set at ₹4,000 crore, with Grasim contributing the largest share. This investment will increase Grasim’s stake in ABCL from 52.27% to 53.08%. The preferential issuance will be conducted at a price of ₹356.02 per equity share, in compliance with the Securities and Exchange Board of India (SEBI) regulations.
The funds raised through this issuance are intended to bolster ABCL’s capital base and support its growth objectives, including funding requirements for its lending business and general corporate purposes. This strategic move aligns with ABCL’s aim to expand its financial services offerings and enhance its market position.
Kumar Mangalam Birla, Chairman of Aditya Birla Group, emphasised the importance of financial services in India’s economic transformation, highlighting ABCL’s role in driving capital formation and financial inclusion. He noted that ABCL’s diversified platform and technology-driven execution position it well for future growth.
Vishakha Mulye, MD & CEO of ABCL, expressed gratitude for the continued support from Grasim and the confidence shown by the International Finance Corporation (IFC), which is also investing ₹920 crore in the equity raise. Mulye stated that the capital infusion would enable ABCL to seize growth opportunities in India and deepen customer engagement.
Sarvesh Suri, Regional Vice President, Asia and the Pacific, IFC, highlighted the partnership’s potential to expand economic opportunities and support small businesses in emerging markets, aligning with the World Bank Group’s mission.
Aditya Birla Capital is a leading financial services company offering a wide range of solutions across lending, investments, insurance, and payments. The company has demonstrated consistent growth across its businesses, with a focus on responsible business practices and financial inclusion.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).