Grasim Industries has completed the merger of the group company Aditya Birla Chemicals (India) (ABCIL) with itself. Grasim will issue 14.62 lakh equity fresh shares to shareholders of Aditya Birla Chemicals, who will receive one share of Grasim for 16 shares of ABCIL they hold. The share capital of Grasim will increase from Rs 91.88 crore to Rs 93.34 crore.
Grasim is the largest chlor-alkali manufacturer and the merger will further consolidate its leadership. The installed capacity of caustic soda will move up to 804,000 tonnes per annum from 453,000 tpa.
