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.