Grasim Industries Limited
Grasim Industries Limited is the flagship company of the Aditya Birla group, it ranks amongst India's largest private sector companies. On standalone basis, GIL’s core businesses comprise of viscose Staple fibre (VSF), caustic soda, speciality chemicals, rayon-grade wood pulp (RGWP) with plants at multiple locations. It also has certain other businesses such as fertiliser, textile, etc.
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Grasim Industries, with group companies UltraTech Cement (41%) and Hindalco Industries (50%), has incorporated UHG Holdings IFSC Private Limited. Grasim holds a 9% stake with an initial investment of Rs 90,000 (total initial capital Rs 10 Lakhs). This new entity, based in GIFT City, will focus on leasing and operating...
Grasim Industries has boosted its stake in subsidiary Aditya Birla Capital (ABCL) by investing approximately Rs. 2,880 crore through a preferential share issue. Grasim acquired 8.09 crore new equity shares, increasing its holding from 52.27% to 52.30%. This strategic investment aims to strengthen ABCL's capital base, support its growth objectives,...