Grasim Industries’ board has approved an investment in its wholly-owned subsidiary, Aditya Birla Renewables Limited (ABRen), via a preferential issue. The investment, amounting to ₹500 crore, will be facilitated through Essel Mining & Industries Limited (EMIL). This infusion aims to meet ABRen’s immediate business requirements and support its growth in the renewable energy sector. Post-investment, ABRen will continue as a subsidiary of Grasim Industries.
Investment in Renewables
The Board of Directors of Grasim Industries Limited has given the green light to an investment in Aditya Birla Renewables Limited (ABRen). The investment will total ₹500 crore.
Funding Mechanism
The investment into ABRen will be executed through a preferential issue on a private placement basis. Essel Mining & Industries Limited (EMIL) will facilitate this infusion.
Strategic Rationale
The funding is earmarked to address the immediate operational needs of ABRen and support its ongoing expansion initiatives within the renewable energy domain. This investment underscores Grasim’s commitment to growing its presence within the renewable energy sector through its subsidiary, ABRen. The decision was made during a board meeting held on December 9, 2025. The meeting commenced at 6:00 p.m. (IST) and concluded at 6:56 p.m. (IST).
Subsidiary Status
Upon completion of this investment, ABRen will remain a subsidiary of Grasim Industries.
Source: BSE
