Grasim Industries has raised funds aggregating to Rs 500 crore through allotment of 5,000, 7.65% fully-Paid Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh, on private placement basis. The members of the Stakeholders’ Relationship Committee of the Company at its meeting held on March 26, 2019 has approved and allotted the same.
Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.
