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Aditya Birla Capital raises Rs 2,100 crore via preferential allotment

05 Sep 2019 Evaluate

Aditya Birla Capital (ABCL) has raised primary equity capital of Rs 2,100 crore through a preferential allotment to certain marquee investors and the Promoter / Promoter Group entities. The equity capital has been raised at Rs 100 per share, which was at a 10.62% premium to the ABCL closing price of Rs 90.40 as of September 4, 2019.

Aditya Birla Capital is one of the largest financial services players in India.

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