Aditya Birla Renewables announced on Tuesday that BlackRock’s infrastructure fund will invest ₹20 billion (USD 222.5 million) in the company, acquiring a minority stake as part of the deal.
The investment comes with a greenshoe option allowing BlackRock’s Global Infrastructure Partners to inject an additional ₹10 billion, potentially raising the total commitment to ₹30 billion (about USD 335 million). The transaction values Aditya Birla Renewables at ₹146 billion, including debt, the company said in a statement.
Aditya Birla Renewables is a wholly owned subsidiary of Grasim Industries, part of the Aditya Birla Group. The capital infusion is expected to support the company’s expansion in India’s fast-growing clean-energy sector.
