Grasim Industries Limited has completed the acquisition of additional equity shares in its material listed subsidiary, Aditya Birla Capital Limited (ABCL). The company participated in a preferential issue to increase its stake in the financial services firm.
ABCL allotted 8,08,94,331 equity shares to Grasim at Rs 356.02 per share, including a premium of Rs 346.02 per share. The aggregate consideration paid for the acquisition was Rs 2,880 crore, as announced on 20th May 2026.
Post this allotment, Grasim's shareholding in ABCL has increased from 52.27% to 52.30% on a fully diluted basis. The pre-issue shareholding stood at 1,36,98,09,351 shares, while the post-issue shareholding is 1,45,07,03,682 shares.
ABCL is a non-banking financial company engaged in diverse financial services including lending, asset management, life insurance, health insurance, and housing finance. For the fiscal year ended 31st March 2026, ABCL reported consolidated revenue from operations of Rs 45,509 crore, profit after tax of Rs 3,764 crore, and a net worth of Rs 34,423 crore.
The acquisition aims to support ABCL's growth objectives, including capital augmentation, repayment of loans, and funding for its lending business and other general corporate purposes. Grasim was not required to obtain any governmental or regulatory approval for this acquisition.
The transaction was completed on 23rd June 2026, following the board's decision on 20th May 2026 to invest up to Rs 2,880 crore in the preferential issue. ABCL was incorporated on 15th October 2007 and is registered in Gujarat, India.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.