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Grasim Industries gets nod for acquisition of 26% stake in Clean Max Decimus

05 Apr 2024 Evaluate

Grasim Industries has received approval for the acquisition of 26% equity shares of Clean Max Decimus, a Special Purpose Vehicle (SPV) for generation and transmission of renewable energy.  Objects of acquisition is to meet the green energy needs; optimise energy costs and comply with regulatory requirements for captive power consumption under electricity laws. Cost of acquisition is Rs 94.50 lakh. The Board of Directors of the company at its meeting held on April 4, 2024 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.


Grasim Industries Share Price

2974.20 7.25 (0.24%)
11-May-2026 15:31 View Price Chart
Peers
Company Name CMP
Grasim Industries 2974.20
DCM Shriram 1225.00
3M India 31640.00
Hindustan Foods 529.65
Balmer Lawrie & Co 195.90
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