The board of Aditya Birla Renewables approved the allotment of 231.5 million fully paid up equity shares at its meeting held on 23 September 2026. According to official notifications sent to the BSE Limited and the National Stock Exchange of India Limited, each share carries a face value of ₹10 and was allotted at a premium of ₹0.15 per equity share, resulting in an issue price of ₹10.15 per equity share. The allotment was made to Grasim Industries through a private placement on preferential basis for a total consideration of ₹235 crore, as reported by Business Standard.
The share allotment has significantly impacted the company's capital structure. As reported by Business Standard, the paid up equity share capital increased from ₹1,683.5 crore to ₹1,915 crore, while the preference share capital remained unchanged at ₹1.59 crore. The total paid up share capital of the company now stands at ₹3,505 crore, reflecting the substantial capital infusion through this preferential allotment. According to the official notification, this strategic capital increase through private placement underlines Grasim Industries' commitment to leveraging its subsidiary's capabilities and fortifying its market presence in the renewable energy sector.
The allotment was structured as a preferential issue to Grasim Industries through a private placement mechanism. According to Business Standard, this represents a strategic capital raising exercise by Aditya Birla Renewables to strengthen its financial position and support its business operations. The preferential allotment route was chosen to ensure regulatory compliance and maintain proper corporate governance standards during the capital infusion process. The move is aligned with Grasim's overarching vision of expanding its footprint in the renewable energy sector, which has been a significant thrust area for the conglomerate. The company has confirmed compliance with SEBI's listing obligations and disclosure requirements, with Company Secretary Neelabja Chakrabarty signing the notification to BSE, NSE, and other stakeholders.
