Grasim Industries has boosted its stake in subsidiary Aditya Birla Capital (ABCL) by investing approximately Rs. 2,880 crore through a preferential share issue.

Grasim acquired 8.09 crore new equity shares, increasing its holding from 52.27% to 52.30%. This strategic investment aims to strengthen ABCL's capital base, support its growth objectives, and fund its expanding lending business and other financial services.

It reinforces Grasim's commitment to enabling ABCL's long-term expansion and operational leadership within the financial sector.