Grasim Industries has raised Rs 1000 crore through allotment of 10,000 - 7.63% Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each (Series 22-23 II, 7.63% GIL 2027) on private placement basis. These NCDs have been rated ‘AAA (stable)’ 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.
