Date: July 28, 2026
Subsidiary / Associate Update
Aditya Birla Renewables Limited (ABReN), a subsidiary of Grasim Industries Limited, held its Board meeting on July 28, 2026. The Board approved a proposal for the infusion of funds by Grasim Industries Limited, the promoter company.
The investment involves a preferential issue of equity shares on a private placement basis. The key terms of the issuance are:
- Type of Security: Equity shares
- Face Value: INR 10 per share
- Total Number of Shares: Up to 23,15,27,093 equity shares
- Issue Premium: INR 0.15 per equity share
- Issue Price: INR 10.15 per equity share (INR 10 face value + INR 0.15 premium)
- Total Consideration: Upto INR 234,99,99,994 (Rupees Two Hundred Thirty Four Crore Ninety Nine Lakhs Ninety Nine Thousand Nine Hundred Ninety Four Only)
- Valuation: The issue price of INR 10.15 per equity share is based on mutually agreed valuation as per registered valuer's report
- Tranches: The infusion may be completed in one or more tranches
Investor Details:
- Name: Grasim Industries Limited (Promoter of the Company)
- Number of Investors: One
Shareholding Impact:
- Pre-issue shareholding of Grasim: 118,10,43,563 equity shares (70.15%)
- Post-issue shareholding of Grasim: 141,25,70,656 equity shares (73.76%)
- Note: Grasim's shareholding includes equity shares held through nominees
The announcement was made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.