Grasim (GRASIM) — Board Meeting

Grasim Industries' board approved a composite scheme consolidating renewable energy assets under subsidiary Aditya Birla Renewables Limited (ABReN). The scheme involves transferring EMIL's 141 MW renewable energy undertaking via slump sale to ABReN, amalgamating Electrotherm Renewables Private Limited, and merging three EPC subsidiaries. ABReN will issue 49.26 crores equity shares to EMIL at ₹10.15 per share and 9.35 crores shares via stock exchange basis. The transaction requires NCLT, shareholder, and creditor approvals. Upon effectiveness, Grasim's shareholding in ABReN will dilute as the structure consolidates renewable energy operations for operational efficiency and synergies.

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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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