Grasim Industries has raised Rs 1000 crore through Fully-Paid Unsecured Redeemable Non-Convertible Debentures (NCDs) and allotted 10,000, 6.99% NCDs having face value of Rs 10 lakh each on private placement basis. These NCDs have been rated ‘AAA’ by CRISIL and 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.