Grasim Industries has a definitive agreement to acquire the Chlor-Alkali Business (CAB) of KPR Industries (India) by way of a slump sale, for a cash consideration of Rs 253 crore. The transaction will be funded through internal accruals.
KPR would in turn utilize Rs 253 crore towards a full and final settlement of the lenders' dues under a One-Time Settlement. The Business consists of an under-construction 200 TPD Chlor-Alkali project at Balabhadrapuram in the state of Andhra Pradesh. Grasim would take over the assets and identified liabilities associated with the Chlor-Alkali Business.
Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.
Company Name | CMP |
---|---|
Grasim Industries | 2526.90 |
DCM Shriram | 1067.70 |
Birla Corporation | 1253.05 |
Surya Roshni | 561.85 |
3M India | 30654.05 |
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