Grasim invests Rs 30.60 crore for 26% renewable SPV stake

Grasim Industries Limited announced that its Board of Directors has approved the acquisition of a 26% equity stake in Ampin C&I Power Thirty Private Limited. The Special Purpose Vehicle (SPV) has been established to facilitate the supply of renewable hybrid energy under the Group Captive Scheme. This strategic move aims to meet the company's green energy requirements, optimise energy costs, and ensure compliance with regulatory standards for captive power consumption.

The transaction involves a cash consideration, with the company planning to invest up to Rs. 30.60 crore in one or more tranches. The acquisition is not classified as a related party transaction, and the promoter or promoter group companies hold no interest in the target entity. The deal is expected to be completed within 180 days from the execution of key agreements, including the Energy Supply Agreement and Share Subscription Agreement.

Details of the Acquisition

The target entity, Ampin C&I Power Thirty Private Limited, operates within the generation and transmission of renewable energy sector. The SPV is specifically developing a captive wind-solar hybrid power generation facility located in Harihara, Karnataka. No governmental or regulatory approvals are required for this acquisition.

Project and Entity Overview

The SPV was incorporated on July 23, 2025, and is registered in New Delhi. The project under development combines solar and wind energy sources to create a hybrid power solution.

Particulars	Details
Target Entity	Ampin C&I Power Thirty Private Limited
Stake Acquired	26% Equity Stake
Investment Amount	Up to Rs. 30.60 crore
Project Location	Harihara, Karnataka
Solar Capacity	37.95 MWp DC / 25.30 MW AC
Wind Capacity	27 MW AC
Date of Incorporation	July 23, 2025

The Board meeting, where this decision was finalized, was convened on May 20, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+6.17%	+7.09%	+14.29%	+14.77%	+15.94%	+130.29%

The Board of Directors of Grasim Industries has approved an investment of up to ₹2,880 crore in the preferential issue of equity shares of its subsidiary, Aditya Birla Capital Limited (ABCL). The decision was taken during a meeting held on May 20, 2026, and the investment will be executed in one or more tranches. This move is aimed at strengthening the capital base of ABCL and supporting its next phase of growth.

The preferential issuance by ABCL totals ₹4,000 crore, with Grasim Industries subscribing to ₹2,880 crore. Additionally, Suryaja Investment Pte Limited, an Aditya Birla Group entity, will subscribe to ₹200 crore, and the International Finance Corporation (IFC) will invest ₹920 crore. The issuance price is fixed at ₹356.02 per equity share, in compliance with SEBI ICDR Regulations, subject to shareholder and other requisite approvals.

Investment Breakdown

The following table outlines the subscription details for the preferential issue:

Investor	Subscription Amount (₹)
Grasim Industries Limited	2,880 crore
Suryaja Investment Pte Limited	200 crore
International Finance Corporation	920 crore
Total	4,000 crore

Strategic Implications

As a result of this capital infusion, Grasim Industries' shareholding in ABCL will increase from 52.27% to 53.08%. The proceeds from the issuance will be utilized to meet growth objectives, including the augmentation of the capital base, funding requirements for the lending business, and general corporate purposes such as investments in subsidiaries, joint ventures, and associates.

ABCL reported significant growth across its financial metrics between FY23 and FY26. The total lending portfolio across NBFC and Housing Finance grew at a 30% CAGR to exceed ₹2 lakh crore. The combined Assets Under Management (AUM) of asset management and insurance businesses increased at an 18% CAGR to approximately ₹5.9 lakh crore. Furthermore, the consolidated Profit After Tax (PAT), excluding exceptional items, rose at a 23% CAGR to ₹3,797 crore in FY26.