BlackRock unit to invest up to ₹3,000 crore in Grasim’s renewable energy platform
Global Infrastructure Partners (GIP), part of the world’s largest asset manager BlackRock, will be investing up to ₹3,000 crore in Aditya Birla Renewables Ltd (ABR), a subsidiary of Grasim Industries Ltd, for a minority stake, the company said Tuesday evening.
The GIP investment translates into an enterprise value of about ₹14,600 crore for ABR, as per a press statement issued late on Tuesday.
