Aditya Birla Capital Limited (ABCL) has raised ₹3,000 crores through issuance of equity shares.
The fundraise involved issuance of equity shares to the promoter and promoter group entities of ABCL, namely, Grasim Industries Limited and Surya Kiran Investments Pte Limited on a preferential basis amounting to ₹1,250 crores and a further issuance of equity shares by way of a qualified institutional placement to various qualified institutional investors mounting to ₹1,750 crores.
BofA Securities India Limited, Jefferies India Private Limited, Axis Capital Limited, ICICI Securities Limited, and JM Financial Limited acted as book running lead managers (BRLMs) to the issue.
The Capital Markets practice of Cyril Amarchand Mangaldas advised ABCL on the transaction.
The transaction team was led by Yash Ashar (Partner & Head Capital Markets), Abhinav Kumar (Partner & Regional Head Markets Practice (Western Region)), with support from Rushab Dhandokia (Principal Associate- Designate), Shubham Sancheti (Senior Associate), Indira Satish (Associate), Harshvardhan Lahiri (Associate), Raksha Raina (Associate) and Ved Chanduka (Associate).
Khaitan and Co acted as Indian legal counsel for the BRLMs and the core team consisted of Abhimanyu Bhattacharya (Partner), Aditya Cheriyan (Partner), Oishik Bagchi (Partner), Vijayaraghavan (Principal Associate), Ritika Khare (Senior Associate) and Aman Khandelwal (Associate).
Sidley Austin LLP acted as International legal counsel for the BRLMs.
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