Aditya Birla Capital to raise ₹4,000 cr via preferential issue
Aditya Birla Capital plans to raise ₹4,000 crore through a preferential issue to its promoters and IFC, with shares priced at ₹356.02 each. The funds will bolster its lending and digital services amid increasing credit demand.
pre-market1 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 will 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 capital raise aims to strengthen its balance sheet and support growth in lending and digital financial services amid rising credit demand from small businesses and retail borrowers. 📈
Not investment advice. For informational purposes only.