Aditya Birla Chemicals (India) (ABCIL) has received its board’s approval for proposed merger of ABCIL with Grasim Industries. The swap ratio approved by the Board is 1 (one) share of Rs 10 each of Grasim for every 16 shares of Rs 10 each of ABCIL.
ABCIL is one of the leading Chlor-Alkali companies in India with an installed capacity of -293,000 tonnes of caustic soda per annum. Grasim is the leading producer of caustic soda in India with an installed capacity 452,500 tonnes per annum.