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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.
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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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