Board of Aditya Birla Capital approves preferential issue of shares aggregating to Rs 2100 cr

At meeting held on 05 September 2019

The Board of Aditya Birla Capital at its meeting held on 05 September 2019 has approved to raise equity capital aggregating to Rs. 2100 crore through preferential issue of equity shares in the following manner -

Issuance of 7.70 crore equity shares at a price of Rs 100 per share (including share premium of Rs 90 per share) for an aggregate consideration of Rs 770 crore on preferential basis to Grasim Industries, the promoter of the company;

Issuance of 2.30 crore equity shares at a price of Rs 100 per share (including share premium of Rs 90 per share) for an aggregate consideration of Rs 230 crore on preferential basis to Surya Kiran Investments, IGH Holdings and Pilani Investment and Industries Corporation, members of Promoter Group of the Company;

 

Issuance of 1 crore equity shares at a price of Rs 100 per share (including share premium of Rs 90 per share) for an aggregate consideration of Rs 100 crore on preferential basis to PI Opportunities FundI (Investor I); and

Issuance of 10 crore equity shares at a price of Rs 100 per share (including share premium of Rs 90 per share) for an aggregate consideration of Rs 1000 crore on preferential basis to Jomei Investments(Investor II).

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