Aditya Birla Capital has received an approval to raise funds of up to Rs 3,500 crore by way of issuance of equity shares, global depository receipts (GDR), American depository receipts (ADR), foreign currency convertible bonds (FCCDs), fully convertible debentures, and/or any other financial instruments convertible into equity shares through one or more public and/or private offerings, qualified institutions placement and/or any combination.
The meeting of the Board of Directors of the company held on May 8, 2018, approved the same.
Aditya Birla Capital is one of the largest financial services players in India.