Grasim Industries Invests ₹2,880 Crore in Aditya Birla Capital

Grasim Industries Board approved ₹2,880 crore investment in Aditya Birla Capital's preferential equity issue.
Aditya Birla Capital's total equity raise is ₹4,000 crore including ₹920 crore from IFC.
Post-investment, Grasim's stake in ABCL will increase from 52.27% to 53.08%.
Funds will augment capital base and fund lending business growth objectives.