Aditya Birla Chemicals India (ABCIL) has been merged with Grasim Industries from the appointed date of April 1, 2015 with all the requisite approvals now in place. Grasim will issue 14.62 lakh equity shares to the eligible shareholders of ABCIL in the ratio of 1 equity share of Rs 10 each of Grasim for every 16 shares of Rs 10 each of ABCIL. The share capital will increase from Rs 91.88 crore to Rs 93.34 crore. Furthermore, Grasim’s installed capacity of caustic soda has risen from 453 kilo tonne per annum (KTPA) to 804 KTPA post merger.
Aditya Birla Chemicals is a leading manufacturer of bulk and specialty chemicals and viscose filament yarn. The business is spread across multiple manufacturing locations in four countries - India, Thailand, Germany and China.