Aditya Birla Capital has received approval from Department of Economic Affairs (DEA) for foreign investment by Jomei Investments (Jomei) for the purpose of subscription to the preferential issue of the company, pursuant to which it is proposed to allot 100,000,000 fully paid-up Equity Shares, at a price of Rs 100 per Equity Share including a premium of Rs 90 per Equity Share, for an aggregate consideration of Rs 1000 crore to Jomei.
With such approval being received, the company has confirmed that all regulatory approvals in relation to preferential allotment of Equity Shares to Jomei have now been received and thus, allotment of Equity Shares to Jomei is proposed to be completed within 15 days from the date of receipt of DEA Approval.
Aditya Birla Capital is one of the largest financial services players in India.
