Aditya Birla Capital preferential issue update with IFC participation
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Aditya Birla Capital has filed an update on its proposed preferential issue of about 11.23 crore equity shares to Grasim Industries (promoter), Suryaja Investments (promoter group), and International Finance Corporation, the World Bank Group's private sector arm. Post-issue, promoter holding will dilute from 68.48% to 67.81%, IFC will hold 0.93%, and FPI stake rises to 7.70%. The filing provides fully diluted shareholding pattern as requested by stock exchanges.
Adds marquee World Bank Group investor IFC; promoter stake dilutes modestly by 0.67% to 67.81%.