Grasim (GRASIM) — Board Meeting

Grasim Industries' monitoring agency (CARE Ratings) confirmed zero deviation in utilization of ₹3,999.80 crore raised through its January 2024 rights issue for Q3 FY2024-25. Of ₹1,972.36 crore received, ₹1,966.09 crore was deployed toward debt repayment, leaving ₹6.27 crore unutilized. All statutory approvals obtained; no material deviations from offer document objectives. Remaining funds placed in fixed deposits earning 6.70-7.40% returns.

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About Grasim Industries Limited (GRASIM)

Construction Materials · Cement & Cement Products · Listed on NSE

Market Cap: ₹1,99,652.33 Cr P/E: 21.1 ROE: 4.6% ROCE: 4.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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