Key Points
"The Board approved the raising of funds by way of issue of equity shares of face value of Rs 2 each through rights issue for an amount not exceeding Rs 4,000 crore to the eligible equity shareholders of the company as on the record date," the company said in a filing...
The record will be determined in due course and informed soon.. Further, the Board or a constituted committee of the Board will decide all other terms and conditions of the rights issue, including but not limited to the issue price, rights entitlement ratio, record date, timing, terms of payment...
Grasim Industries, a flagship company of the Aditya Birla Group is a diversified player and a global producer of viscose, chemicals, linen yarn and fabrics in India..
In the June quarter, the company posted an 18% YoY drop in its consolidated net profit at Rs 1,576 crore and revenues were up 11% to Rs 31,065 crore..
Technically, analysts said the stock has been inching gradually higher after the breakout from a triangle pattern and is currently hovering around its record high of Rs 1,988...
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