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:

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.

Grasim Industries has completed the full and timely repayment of its Commercial Papers on 15th May 2026, redeeming 5,000 units amounting to ₹250 crore on the scheduled maturity date. The repayment was made in accordance with SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15th October 2025, and follows the corporate announcement dated 22nd April 2026 regarding the record date for redemption. Following the repayment, the outstanding amount against the said issuance stands at nil.

Commercial Paper Repayment Details

The company disclosed the complete details of the repayment to BSE Limited through a regulatory filing. The repayment covers the full quantity of Commercial Papers issued under the relevant ISIN, with no partial or deferred settlement. The following table summarises the key parameters of the repayment:

Regulatory Compliance

The filing was signed by Neelabja Chakrabarty, Company Secretary and Compliance Officer, and submitted to BSE Limited on 15th May 2026. The communication was also marked to the Luxembourg Stock Exchange and Citi Bank N.A., reflecting the company's obligations to its broader set of stakeholders and depositaries. The repayment aligns with the company's stated commitment to meeting its debt obligations fully and on schedule.