Grasim Industries has received approval for raising Rs 1,000 crore via NCDs (non-convertible debentures) on a private placement basis in one or more tranches. The Finance Committee of the company at their meeting held on May 14, 2022 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.
