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Grasim Industries gets nod to raise FDI limit to 49%

15 Apr 2017 Evaluate

Grasim Industries has received an approval from the Reserve Bank of India to raise foreign shareholding to 49 per cent from the existing limit of 30 per cent under the portfolio investment scheme (PIS). The company has passed necessary resolution at the board of directors' level and also a special resolution by its general body to increase FIIs/FPIs' investment limit to 49 per cent.

Grasim Industries is the flagship company of the Aditya Birla Group. Starting as a textiles manufacturer in 1948, today Grasim’s businesses comprise viscose staple fibre (VSF), 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

2760.55 42.30 (1.56%)
20-Apr-2026 14:40 View Price Chart
Peers
Company Name CMP
Grasim Industries 2760.55
DCM Shriram 1196.50
3M India 31600.00
Hindustan Foods 499.00
Balmer Lawrie & Co 177.65
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