Aditya Birla Capital raises Rs.4,000 crore from promoters, IFC via preferential share allotment
New Delhi, June 23 -- Aditya Birla Capital Ltd (ABCL) has completed a Rs.4,000-crore equity fundraise by issuing more than 11.23 crore shares on a preferential basis to its promoter entities and the International Finance Corporation (IFC), thereby strengthening its capital base.
In a regulatory filing on Tuesday, the company said its stakeholders' relationship committee approved the allotment of 11.23 fully paid-up equity shares at Rs.356.02 per share, including a premium of Rs.346.02 per share. The allotment was approved on Tuesday, following shareholder approval received earlier this month.
The largest portion of the issue was allotted to promoter Grasim Industries Ltd, which received 8.08 crore shares for an investment of about Rs.2,...
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