iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Grasim Industries gets board approval to raise Rs 4,000 crore via rights issue

17 Oct 2023 , 09:46 AM

Grasim Industries’ Board of Directors has approved a Rs 4,000 crore rights issuance to qualifying shareholders.

The board of directors approved raising funds by issuing equity shares with a face value of Rs 2 each through a rights issue for an amount not exceeding Rs 4,000 crore to the company’s eligible equity shareholders as of the record date,’ the company stated in a filing.

The company will determine the record date in due course and will inform the shareholders soon.

Furthermore, the Board or a committee of the Board will decide on all other aspects of the rights issue, including but not limited to the issue price, rights entitlement ratio, record date, timing, and payment terms.

In India, Grasim Industries, a flagship company of the Aditya Birla Group, is a diverse player and a global manufacturer of viscose, chemicals, linen yarn, and textiles. The company has lately joined the paints market and is establishing six units across India.

The company’s overall net profit fell 18% year on year to Rs 1,576 crore in the June quarter, while revenues increased 11% to Rs 31,065 crore. The company is yet to release its second-quarter earnings.

For feedback and suggestions, write to us at editorial@iifl.com


Grasim Industries gets board approval to raise Rs 4,000 crore via rights issue

Related Tags

  • Grasim
  • Grasim Industries
  • Grasim Industries News
  • Grasim Industries Updates
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.