Grasim Industries raises Rs 500 crore via NCDs

28 Mar 2019 Evaluate

Grasim Industries has raised funds aggregating to Rs 500 crore through allotment of 5,000, 7.65% fully-Paid Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh, on private placement basis. The members of the Stakeholders’ Relationship Committee of the Company at its meeting held on March 26, 2019 has approved and allotted the same.

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.

Grasim Industries Share Price

2697.10 3.10 (0.12%)
01-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 2697.10
DCM Shriram 1067.45
Birla Corporation 1194.75
Surya Roshni 673.75
3M India 36134.20
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