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Grasim Industries incorporates wholly-owned subsidiary; Stock under pressure

6 Jan 2023 , 10:38 AM

Grasim Industries Limited has informed to the exchanges that a wholly-owned subsidiary company of the company in the name of “GRASIM BUSINESS SERVICES PRIVATE LIMITED” has been incorporated on January 4, 2023.

The main objective of incorporation is to carry on the business of business support services including staffing solutions.

Grasim Business Services Private Limited, is a private company incorporated on January 04, 2023, the company said in a statement on Thursday.

On Friday, at around 10:51 AM, Grasim Industries was trading at Rs1683 per share lower by 0.88% as against previous closing of Rs1698 per share on the BSE.

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