Aditya Birla Capital allots 11.23 cr shares to Grasim, IFC via preferential issue

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AI summary

Aditya Birla Capital allotted 11.23 crore equity shares at Rs. 356.02 each via preferential issue, raising about Rs. 4,000 crores. Grasim Industries (promoter) got 8.09 crore shares for Rs. 2,880 crores, Suryaja Investments (Aditya Birla Group) got 56.18 lakh shares for Rs. 200 crores, and IFC (World Bank arm) got 2.58 crore shares for about Rs. 920 crores. Paid-up capital rises to Rs. 2,734.21 crores. Grasim stake moves from 52.27 to 52.30 percent.

Likely market impact

Slight equity dilution of about 4 percent. Strong promoter backing plus IFC investment signals confidence in growth.