Grasim Industries gets nod to raise Rs 750 crore via NCDs
19th Sep 2019

Grasim Industries’ board has approved the issuance of Non-Convertible Debentures (NCDs) on private placement basis, for an amount not exceeding Rs 750 crore, in one or more tranches. The Finance Committee of the Board of Directors of the Company at its meeting held on September 19, 2019 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.