Grasim - AB Nuvo Merger

ET NOW
ET NOW
  • 8 years ago
Aditya Birla Nuvo Ltd and Grasim Industries Ltd will merge in an attempt by their parent to unlock shareholder value by enabling the former’s financial services unit to list as a separate entity. The boards of AB Nuvo on Thursday approved a composite scheme of arrangement between the company, its wholly owned arm Aditya Birla Financial Services Ltd and Grasim Industries Ltd. ET NOW gets you more details.

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