GRASIM : ACQUIRES ADDITIONAL STAKE IN ADITYA BIRLA CAPITAL LIMITED

• Acquired 8,08,94,331 equity shares of Aditya Birla Capital Limited (ABCL) via preferential issue at ₹356.02 per share. • Total consideration for the shares amounted to ₹28,799.99 Cr. • Post-allotment, Grasim's shareholding in ABCL increased to 52.30% on a fully diluted basis. • The acquisition is for ABCL's growth objectives, including capital augmentation and loan repayment.

Grasim Industries Ltd

Open attachment

← Back to feed