Essayer OR - Gratuit
BlackRock unit to back Grasim's clean energy business
Mint Chennai
|December 10, 2025
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.
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 requirements, according to a separate intimation.
Cette histoire est tirée de l'édition December 10, 2025 de Mint Chennai.
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