Grasim Industries incorporates JV Birla Advanced Knits

On 14 July 2021

Jul 16, 2021 09:07 IST capital market

Grasim Industries has incorporated a Joint Venture Company viz. Birla Advanced Knits on 14 July 2021 for undertaking Knits manufacturing business in partnership with Century Textiles and Industries (CTIL). The Company has today i.e. 15 July 2021, also executed a Joint Venture Agreement with CTIL. The Company will hold 50% of the paid up equity share capital of the aforesaid Joint Venture Company.

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