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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
By bringing in a big chunk of fresh equity, the promoter addresses investors’ concerns about his reluctance to commit his own funds. The question is, will it be enough?
Earlier this month, the promoters of Aditya Birla Capital—Kumar Mangalam Birla through two companies—invested nearly 42% of a Rs 3,000 crore proposed equity infusion through a preferential issue.
For Birla, who is otherwise known for keeping a tight grip on the purse strings, this marks a significant shift in attitude. In 2019, the billionaire had resisted demands from institutional investors, the government and lenders to infuse more equity into Vodafone Idea when the Aditya Birla Group’s telecom arm was struggling to pay creditor and government dues.
So, what compelled him to go for an equity infusion this time around?
Ever …
The Rs 1,800 crore push into cables and wires may find it hard to rewire a market built over decades.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
The Sprng Energy acquisition gives Aditya Birla Renewables instant scale and diversification. But high leverage, execution delays and margin pressures point to a tough test ahead.
