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Times of India | Promoter, IFC to pump Rs 4k cr equity into Aditya Birla Cap

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MUMBAI: The board of Aditya Birla Capital has approved a Rs 4,000 crore preferential issue of equity shares, priced at Rs 356 per share, to fund its next growth phase. Of the total, Rs 2,880 crore will come from Grasim (the promoter), Rs 200 crore from Suryaja Investment Singapore, and Rs 920 crore from the International Finance Corporation, pending shareholder and regulatory approvals. The proceeds will bolster the company's capital base, support lending, fund subsidiaries and joint ventures, and meet general corporate needs, strengthening the balance sheet and enabling expansion. Chairman Kumar Mangalam Birla highlighted financial services as a core growth engine, while MD‑CEO Vishakha Mulye said the infusion will unlock growth, deepen engagement and accelerate a digital‑first strategy.

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Promoter, IFC to pump Rs 4k cr equity into Aditya Birla Cap

MUMBAI: The board of Aditya Birla Capital has approved a Rs 4,000 crore preferential issue of equity shares to fund growth. Of the proposed issue, Rs 2,880 crore will come from Grasim (promoter), Rs 200 crore from group arm Suryaja Investment Singapore, and Rs 920 crore from IFC.

The Times of India

sabamirza May 20

Metro Brands, Grasim, and Lenskart remain watched ahead of crucial quarterly earnings announcements.

#MetroBrands #Grasim #Lenskart #StockMarket

https://meyka.com/blog/stocks-in-focus-today-metro-brands-grasim-lenskart-q4-earnings-ahead-2605/

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