Grasim Industries Ltd.

Grasim Industries is currently trading at Rs. 703.40, up by 3.20 points or 0.46% from its previous closing of Rs. 700.20 on the BSE.

The scrip opened at Rs. 703.00 and has touched a high and low of Rs. 708.00 and Rs. 697.20 respectively. So far 11285 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1201.00 on 27-Feb-2018 and a 52 week low of Rs. 688.65 on 15-Feb-2019.

Last one week high and low of the scrip stood at Rs. 726.90 and Rs. 688.65 respectively. The current market cap of the company is Rs. 46045.04 crore.

The promoters holding in the company stood at 40.16% while Institutions and Non-Institutions held 38.94% and 18.07% respectively.

Grasim Industries has a definitive agreement to acquire the Chlor-Alkali Business (CAB) of KPR Industries (India) by way of a slump sale, for a cash consideration of Rs 253 crore. The transaction will be funded through internal accruals.

KPR would in turn utilize Rs 253 crore towards a full and final settlement of the lenders' dues under a One-Time Settlement. The Business consists of an under-construction 200 TPD Chlor-Alkali project at Balabhadrapuram in the state of Andhra Pradesh. Grasim would take over the assets and identified liabilities associated with the Chlor-Alkali Business.

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.