Grasim Industries raises Rs 750 crore via NCDs

04 Jun 2019

Grasim Industries has raised Rs 750 crore through allotment of 7,500, 7.60% Fully-Paid Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each (Series-1920/II 7.60% GIL2024), on private placement basis. These NCDs have been rated ‘AAA (STABLE)’ by CRISAL and ‘AAA (STABLE)’ by ICRA.

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.

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Grasim Industries Share Price

1349.20 30.75 (2.33%) Mar 04, 18:59
1 Year Price Chart
Peers
Company Name CMP
Grasim Industries 1349.20
DCM Shriram 545.00
SRF 5710.80
Birla Corporation 877.10
Prism Johnson 112.75
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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