MUMBAI: The board of Aditya Birla Capital has approved a Rs 4,000 crore preferential issue of equity shares to fund growth. Of the proposed issue, Rs 2,880 crore will come from Grasim (promoter), Rs 200 crore from group arm Suryaja Investment Singapore, and Rs 920 crore from IFC.

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…