The Board of Directors of Aditya Birla Capital Ltd (ABCL) approved preferential issuance of ₹2,880 crore to Grasim Industries Ltd (Promoter), ₹200 crore to Suryaja Investment Pte Ltd, Singapore (an Aditya Birla Group entity) and ₹920 crore to International Finance Corporation (IFC), to strengthen the capital base and meeting the requirement for its next phase of growth.

Aditya Birla Capital plans to raise ₹4,000 crore through a preferential issue to strengthen its capital base for growth.

The Board of Directors of Aditya Birla Capital Ltd (ABCL) approved preferential issuance of ₹2,880 crore to Grasim Industries Ltd (Promoter), ₹200 crore to Suryaja Investment Pte…