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BlackRock unit to back Grasim's clean energy business
Mint Mumbai
|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.
Deal pegs ABR's enterprise value at ₹14,600 cr.
(BLOOMBERG)
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.
Bu hikaye Mint Mumbai dergisinin December 10, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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