Shares of Aditya Birla Capital rose more than 4 percent on Monday, pushing the company’s market capitalisation above the Rs 1 lakh crore mark for the first time.

The stock was trading at Rs 392.15, up 4.32 percent.

The rally comes weeks after the company announced plans to raise Rs 4,000 crore through a preferential allotment to strengthen its capital base and support its next phase of growth. The board approved a preferential issue of Rs 2,880 crore to promoter Grasim Industries, Rs 200 crore to Singapore-based Suryaja Investment Pte Ltd and Rs 920 crore to the International Finance Corporation (IFC).

“The proceeds from the preferential issuance will be utilised for meeting the growth objectives including augmentation of the capital base, funding requirements for lending business and other general corporate purposes,” the company had said.

“Financial services have become central to India’s economic transformation, driving capital formation, expanding financial inclusion and supporting the formalisation of the economy at scale,” Aditya Birla Group Chairman Kumar Mangalam Birla was quoted as saying The Hindu.

“Over the last few years, ABCL has built scale across the financial-services landscape, creating a portfolio of high-quality businesses supported by robust digital capabilities and disciplined execution,” he added.

The company has also delivered strong operational performance. In the March quarter, Aditya Birla Capital reported a 30 percent year-on-year rise in consolidated net profit to Rs 1,124 crore, while total income increased to Rs 13,475.74 crore. Consolidated revenue grew 12 percent to Rs 15,877 crore during the quarter.

Its overall lending portfolio across the NBFC and housing finance businesses expanded 32 percent year-on-year to Rs 2.07 trillion as of March 31, 2026, while total assets under management across asset management, life insurance and health insurance businesses rose 16 percent to Rs 5.91 trillion.