Grasim (GRASIM) — Board Meeting

Grasim's board approved ₹500 crore equity investment by Essel Mining & Industries Limited (EMIL) in Aditya Birla Renewables (ABRen), Grasim's wholly-owned subsidiary, via preferential issue. The infusion addresses ABRen's urgent business needs within FY2026. Post-investment, ABRen transitions from wholly-owned to subsidiary status, with EMIL becoming a material shareholder alongside Grasim.

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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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