Aditya Birla Cap to raise ₹1,250 crore
Aditya Birla Capital plans to raise INR 1,250 crore ($168m) through a preferential share issue to Grasim Industries and Surya Kiran Investments. The move is part of a wider plan to raise up to INR 3,000 crore ($403m) to augment capital and improve solvency margin and leverage ratio.
Source: livemint.com