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BLACKROCK UNIT TO BACK GRASIM'S CLEAN ARM WITH ₹3,000 CRORE
Hindustan Times Mumbai
|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.
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
Dit verhaal komt uit de December 10, 2025-editie van Hindustan Times Mumbai.
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