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Aditya Birla Capital secures Rs 3K cr from promoters, investors

The Business Guardian

|

July 02, 2023

Diversified financial services player Aditya Birla Capital announced that it has raised Rs 3,000 crore in core capital.

Aditya Birla Capital secures Rs 3K cr from promoters, investors

This includes Rs 1,250 crore raised through a preferential issue of shares to promoter Grasim Industries and Surya Kiran Investments, as per an official statement.

The company, a part of the conglomerate Aditya Birla Group, also raised Rs 1,750 crore through a qualified institutional placement of shares, which witnessed participation from Blackrock, Capital Group, Norges Bank, Royal Bank of Canada, M&G Investments, Abu Dhabi Investment Authority (ADIA), Massachusetts Institute of Technology (MIT), Public Sector Pension Investment Board (PSP) and SBI Life Insurance, it added.

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