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BLACKROCK UNIT TO BACK GRASIM'S CLEAN ARM WITH ₹3,000 CRORE

Hindustan Times Noida

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December 10, 2025

Global Infrastructure Partners (GIP), part of asset manager BlackRock, will invest up to ₹3,000 crore in Aditya Birla Renewables (ABR) for a minority stake, Grasim Industries said on Tuesday.

- Nehal Chaliawala

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. Separately, Essel Mining & Industries Ltd, another Aditya Birla Group firm, will invest ₹500 crore in FY26 to fund its urgent capital requiremen

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Amul partners with reigning world champions, Argentina football team

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Bill to set up new higher education body cleared

Revamp for higher education

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Thailand, Cambodia agree to halt fighting: US Prez

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TWO NEW RAMSAR SITES DESIGNATED, TALLY REACHES 96

Two new wetlands —Siliserh in Rajasthan’s Alwar and Kopra Jalashay in Chhattis-garh — have been designated as Ramsar sites, taking the total tally of such wetlands in India to 96, the Union environment ministry announced on Friday.

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'New religious tradition' manufactured in Deepam order: TN

The Tamil Nadu government on Friday told the Madras high court that its single bench of justice GR Swaminathan, in directing through its December 1 order that a lamp be lit atop the Thiruparankundram hills, had manufactured a “new religious tradition” out of his own whim and had strayed far outside judicial bounds.

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AMRUT progress slow, key targets unmet: Parliamentary panel report

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India, NZ discuss ways to fast-track trade negotiations

India and New Zealand on Friday discussed ways to fast-track negotiations for the proposed free trade agreement (FTA) between the two countries.

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