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BlackRock unit to back Grasim's clean energy business
December 10, 2025
|Mint Mumbai
Global Infrastructure Partners (GIP), part of asset manager Black-Rock, will invest up to ₹3,000 crore in Aditya Birla Renewables (ABR) for a minority stake, Grasim Industries said on Tuesday.
Deal pegs ABR's enterprise value at ₹14,600 cr.
(BLOOMBERG)
The GIP investment translates into an enterprise value of ₹14,600 crore for ABR, as per a statement. The deal outlines a firm commitment of ₹2,000 crore by GIP in multiple tranches through the issue of compulsory convertible preference shares (CCPS) and equity. It will also have a greenshoe option to invest an additional ₹1,000 crore in the form of equity shares.
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