Acquisition of additional stake through participation in Preferential Issue of equity shares of Aditya Birla Capital Limited

Grasim Industries Ltd has acquired an additional 8,08,94,331 equity shares in its material listed subsidiary, Aditya Birla Capital Limited (ABCL), by participating in ABCL's preferential issue. This investment amounts to approximately INR 2,880 crore (Rs. 28,79,99,99,722.62) at a price of Rs. 356.02 per share. Following this allotment, Grasim's shareholding in ABCL has marginally increased from 52.27% to 52.30%. The funds raised by ABCL are intended for its growth objectives, augmenting its capital base, and funding its lending business.