Grasim Industries Limited has completed the acquisition of an additional stake in its material listed subsidiary, Aditya Birla Capital Limited (ABCL), through participation in a preferential issue of equity shares. This announcement is made pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026.
Transaction Details
On 23rd June 2026, ABCL allotted 8,08,94,331 equity shares to Grasim Industries at a price of ₹356.02 per equity share (face value of ₹10 each). The premium component of this price is ₹346.02 per share. The aggregate consideration for this transaction amounts to ₹28,79,99,99,722.62 (₹2,879.999972262 crore).
Shareholding Impact
Post this allotment, Grasim's shareholding in ABCL has changed as follows:
- Pre-issue shareholding (as of 15th May 2026, without dilution): 1,36,98,09,351 shares (52.27%)
- Post-issue shareholding (as of date on a fully diluted basis): 1,45,07,03,682 shares (52.30%)
The acquisition represents an increase of 0.03 percentage points in Grasim's ownership stake in ABCL.
Target Entity Information
Aditya Birla Capital Limited is engaged in financial services including lending, asset management, life insurance, health insurance, housing finance, private equity, insurance broking, equity and commodity broking, pension fund management, and asset reconstruction business.
ABCL's consolidated financial performance as of 31st March 2026:
- Revenue from Operations: ₹45,508.98 crore
- Profit After Tax (PAT): ₹3,764.49 crore
- Net Worth: ₹34,423.11 crore
Historical turnover for the last three years:
- FY 2026: ₹45,508.98 crore
- FY 2025: ₹40,589.98 crore
- FY 2024: ₹33,940.84 crore
ABCL was incorporated on 15th October 2007 and has its registered office at Indian Rayon Compound, Veraval - 362266, Gujarat, India.
Transaction Classification
This acquisition constitutes a related party transaction as Grasim Industries is the holding company and promoter of ABCL. However, the issuance of shares through preferential issue is strictly in compliance with Chapter V of the SEBI (ICDR) Regulations, 2018, and is considered an exempted transaction under SEBI (LODR) Regulations, 2015.
Purpose and Objectives
The investment aims to meet ABCL's growth objectives, including:
- Augmentation of ABCL's capital base
- Repayment of loan(s)
- Funding requirements for ABCL's lending business
- Other general corporate purposes, including investments in subsidiaries/joint ventures/associates of ABCL (existing and future)
Regulatory Approvals and Timeline
ABCL has obtained all requisite regulatory approvals for the preferential issue of shares. Grasim Industries did not require any governmental or regulatory approval for this acquisition. The transaction was completed within the next 5 working days from the announcement.
Consideration Structure
The acquisition was executed through cash consideration only, with no share swap or other forms of consideration involved.