Grasim Industries’ board meeting to be held on Oct 16 to consider raising funds

12 Oct 2023 , 10:22 AM

Grasim Industries said that its board of directors is planning to hold a meeting on October 16 to consider and approve a proposal for raising funds via either a rights issue, preferential issue, or qualified institutions placement (QIP).

The company said that a meeting of the board of directors of Grasim Industries Limited is to be held on Monday, October 16, 2023, as per the applicable provisions. The board of directors will consider the proposal for raising funds by way of equity shares or other securities through a rights issue, qualified institutions placement, preferential issue, or any other method as may be permitted under the applicable law.

Technical analyst Manish Shah stated that the price action in Grasim shows the presence of a robust underlying trend having a well-defined pattern of higher highs and higher lows. 

 

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