Aditya Birla Capital to raise ₹4,000 cr via preferential issue
Aditya Birla Capital will raise ₹4,000 crore through a preferential issue to promoters and IFC, with funds aimed at strengthening its balance sheet and supporting growth in lending and digital financial services.
after close1 source ↓written by the desknot a recommendation
- through a preferential
- ₹4,000 crore
- for Grasim Industries
- ₹2,880 crore
- for Suryaja Investment
- ₹200 crore
- for IFC
- ₹920 crore
- per share
- ₹356.02
Aditya Birla Capital plans to raise ₹4,000 crore through a preferential allotment to its promoters and the International Finance Corporation. The board approved ₹2,880 crore for Grasim Industries, ₹200 crore for Suryaja Investment, and ₹920 crore for IFC, at ₹356.02 per share, pending approvals. This move aims to strengthen its balance sheet amid rising credit demand.
The funds will support lending growth and investments in subsidiaries, enhancing the company's capacity to meet the increasing needs of small businesses and retail borrowers.
Not investment advice. For informational purposes only.