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Aditya Birla gets nod to merge with Grasim Industries

12 Feb 2015 Evaluate

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.

Peers
Company Name CMP
Godrej Industries 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
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