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Grasim Industries gets nod for scheme of amalgamation

25 May 2019 Evaluate

Grasim Industries has received approval for the Scheme of Amalgamation of Grasim Premium Fabric (formerly known as Soktas India), a wholly owned subsidiary of the Company with itself. The Board of Directors of the Company at its meeting held on May 24, 2019 has approved 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.

Peers
Company Name CMP
Grasim Industries 2880.65
DCM Shriram 955.00
3M India 30295.00
Hindustan Foods 567.75
Balmer Lawrie & Co 156.55
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