Grasim to raise up to Rs 2,000 cr via debentures to fund capex programme

Grasim has lined up investment for foray into decorative paints with project cost estimated at Rs 10,000 crore by FY25

Grasim Industries Ltd, an Aditya Birla group company, is planning to raise upto Rs 2,000 crore through debentures to fund its capital expenditure programme.

The company has lined up investment for foray into decorative paints with project cost estimated at Rs 10,000 crore by FY25.

The company spokesperson declined to comment on debt raising plans.

While the planned capex towards the paint business would entail some debt funding, the overall debt coverage metrics for the company are expected to remain comfortable.

Steady cash accruals over the past several years resulted in a healthy financial profile for Grasim, despite sizable capex