Grasim Industries has allotted 5,000, 6.65% Fully-Paid Unsecured Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each aggregating to Rs 500 crore, on private placement basis. The members of the stakeholders' relationship committee of the Board of Directors of the company has allotted and approved the same. These NCDs have been rated ‘AAA’ (Stable) by rating agency -- CRISIL.
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.
