BlackRock fund to invest about $225 million in India's Aditya Birla Renewables

Grasim Industries

09/12/2025 19:02

Dec 9 (Reuters) - India's Aditya Birla Renewables said on Tuesday that BlackRock's BLK.N infrastructure fund will invest 20 billion rupees  ($222.50 million) and take a minority stake in the green-energy company.

BlackRock's Global Infrastructure Partners will also have a "greenshoe option" to invest a further 10 billion rupees in the Indian company, taking the total investment to 30 billion rupees  (about $335 million), Aditya Birla Renewables said.

The investment values the renewable energy company at 146 billion rupees, including debt, the company said in a statement.

Aditya Birla Renewables is a wholly owned unit of India's Grasim Industries Ltd GRAS.NS, which is part of the Aditya Birla Group.

($1 = 89.8860 Indian rupees)

 (Reporting by Carlos Méndez in Mexico City
Editing by Matthew Lewis)

 ((Carlos.Mendez@thomsonreuters.com;))