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Grasim Industries fixes record date for scheme of merger

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Capital Market

Record date is 15 January 2016

Grasim Industries announced that the Board of Directors of the Company at its meeting held on 04 January 2016 has fixed 15 January 2016 as the "Record Date" in terms of the Scheme for determining the entitlement of the equity shareholders of Aditya Birla Chemicals (India) (ABCIL) to receive fully paid up equity shares of Grasim Industries in the ratio of 1 (one) fully paid up equity share of Rs.10/- (Rupees Ten) each of Grasim Industries credited as fully paid up for every 16 (Sixteen) fully paid up equity shares of Rs. 10/- (Rupees Ten) each, held by such shareholder in Aditya Birla Chemicals (India) (ABCIL).

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First Published: Jan 05 2016 | 5:16 PM IST

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