Grasim Industries in Spotlight as Board Approves ₹2,000 Crore Fundraise via NCDs – What It Means for Investors!

Grasim Industries in Spotlight as Board Approves ₹2,000 Crore Fundraise via NCDs – What It Means for Investors!

The Aditya Birla Group’s main company, Grasim Industries Ltd., announced on Wednesday that it had authorized a Non-Convertible Debentures (NCDs) offering to raise ₹2,000 crore through private placement. “The Finance Committee of the Board of Directors of the organization at its meeting held today, inter-alia, has approved the issuance of Not-convertible Debentures on a private … Read more

Grasim Industries Q2 Earnings Shock: Net Profit Plummets 66% to ₹390 Crore

Grasim Industries Q2 Earnings Shock: Net Profit Plummets 66% to ₹390 Crore

Grasim Industries reported a 66 percent drop in its consolidated net profit to Rs 390 crore in the second quarter, compared to Rs 1,164 crore in the previous year quarter, due to lower cement sales realisations and planned investments in the paints business under the Birla Opus brand, on November 14. In the quarter ended … Read more