Birla Capital to raise Rs 4,000 cr via preferential issue

Mumbai: Aditya Birla Capital plans to raise ₹4,000 crore through a preferential share issue to strengthen its capital base and fund growth, the company said on Wednesday

The fundraise includes ₹3,080 crore from promoter group entities and ₹920 crore from the International Finance Corporation. The shares will be issued at ₹356.02 apiece, subject to shareholder and regulatory approvals.