The world’s largest asset management company, BlackRock, is planning to make a huge investment in the Aditya Birla Group. The management company is going to invest Rs 3,000 crore in the Birla Group’s renewable energy company, ABREN. In return, BlackRock will get a small stake in the business. This business of the group comes under Grasim Industries. The value estimated for the deal is Rs 14,600 crore. The deal includes an initial investment of Rs 2,000 crore and a green-shoe option of an additional Rs 1,000 crore, if required.

Global Infrastructure Partners (GIP), a part of the BlackRock group, will invest in the Aditya Birla Group. ABREN said the company has rapidly witnessed expansion across the country. It has developed 4.3 GW of renewable energy capacity in 10 states. The company’s pr

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