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Grasim Industries subscribe to preferential issue of shares by Aditya Birla Capital

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Capital Market
Grasim Industries has agreed to subscribe to the equity shares proposed by Aditya Birla Capital (ABCL) on a preferential basis up to an amount not exceeding Rs. 770 crore, subject to necessary regulatory approvals. Post completion of the transaction, Grasim shareholding in ABCL will reduce from 55.97% to 54.29%.

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First Published: Sep 05 2019 | 10:13 AM IST

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