2016-08-12

(Source: Aditya Birla Management Corporation Private Ltd) creates one of India's largest and well-diversified companies with a combination of cash generating and high growth businessesMerger of ABNL into Grasim and the Subsequent Demerger & Listing of the Financial Services Business creates a portfolio of manufacturing and services businesses with a leading presence across cement, financial services, telecom, textiles and chemicals Achieves consolidation of common businesses as well as of stakes in different group companies Merger to be followed by demerger and listing of financial services business, providing value unlocking for shareholders The Boards of Directors of Grasim Industries...

Show more