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Company Highlights
- Grasim Industries is the flagship company of the Aditya Birla Group, widely recognized as one of the largest business groups in India.
- In 1947, it commenced its operations as a textiles manufacturer and has since evolved into a diversified conglomerate with a leading position
across many of its businesses. - Its operating segments comprise viscose, chemicals, cement, financial services and Others (primarily textiles, insulators, paints, B2B
e-commerce and renewable energy). Over the years, the company has established a market-leading position in several of its businesses.
SBICAPS Value
- SBICAPS played a key role and supported the Rights Issue as one of the BRLMs
Issue Details
| Issue Size | 3,999.8 Cr. | |
| Issue Type | Fast Track Rights Issue | |
| Record Date | Jan 10, 2024 | |
| Rights Ratio | 6:179 | |
| Opening Date | Jan 17, 2024 | |
| Closing Date | Jan 29, 2024 | |
| Issue Price | 1,812 per Rights Equity Share (25% of the Issue Price i.e. `453 per Rights Equity Share upon Application) | |
| Issue Subscription | ~1.96.x | |
| No. of Application Forms Received | 34,935 | |
| Discount to Price on last closing before announcement of terms | ~12.6% |