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Grasim Industries Limited (GRASIM.BO)

BSE - BSE Real-time price. Currency in INR
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2,823.75+21.50 (+0.77%)
At close: 03:29PM IST
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  • Reuters

    India New Issue-IFC buys Grasim Industries' debut sustainability linked bonds

    India's Grasim Industries said on Tuesday it has raised 12.50 billion rupees ($150.57 million) through the sale of its first-ever sustainability-linked bonds, subscribed by International Finance Corp. The bonds carry a duration of 10 years and were directly placed with the IFC, the financial institution told Reuters in an email without disclosing the coupon amount. Grasim Industries did not reply to a Reuters email seeking the details on the coupon.

  • Reuters

    India's Grasim launches paints business, targets 100 billion rupees in gross revenue in 3 years

    Grasim Industries launched its paints business under the 'Birla Opus' brand on Thursday, and said it expects the unit to generate 100 billion rupees ($1.21 billion) in gross revenue in three years. The Aditya Birla Group company had raised money twice in calendar 2023 to fund the paints venture. The paints business, which adds to Grasim's flagship businesses of textiles and chemicals, could make the company the second-largest Indian paintmaker by capacity behind market leader Asian Paints, according to analysts.