Grasim Industries Limited announced that its subsidiary, Aditya Birla Renewables Limited, has allotted 23,15,27,093 fully paid-up equity shares. These shares were issued at a premium of ₹0.15 per share, with an issue price of ₹10.15 each, for a total consideration of ₹234,99,99,994. This transaction occurred on September 23, 2026, via private placement on a preferential basis.
Subsidiary Equity Allotment
Grasim Industries Limited has disclosed an allotment of equity shares by its subsidiary, Aditya Birla Renewables Limited. The Board of Directors of Aditya Birla Renewables Limited, on September 23, 2026, approved the allotment of 23,15,27,093 fully paid-up equity shares. Each share has a face value of ₹10 and was issued at a premium of ₹0.15, resulting in an issue price of ₹10.15 per share.
Financial Impact of Allotment
The total consideration for this allotment amounted to ₹234,99,99,994. This private placement on a preferential basis has led to an increase in the paid-up equity share capital of Aditya Birla Renewables Limited. Consequently, the total paid-up equity share capital of the company has risen from ₹1,683,50,66,160 to ₹1,915,03,37,090. The preference share capital remained unchanged at ₹1,590,00,00,000, bringing the aggregate paid-up share capital to ₹3,505,03,37,090.
Source: BSE
