Birla Group Holdings Private Limited (BGHPL), a promoter of Grasim Industries, has raised its stake by 4.09% in the company according to an exchange filing by the company on Tuesday. BGHPL’s holding in the company has gone up to 23.18% now from Rs 19.10% at the end of the March quarter. The additional 4.09% stake … Read more
MUMBAI – The Rs 4,000-crore rights issue of Grasim Industries has been subscribed nearly two times, with the company receiving 4.34 crore bids as against the 2.21 crore partly paid-up shares that were on offer. The flagship company of the Aditya Birla group had set the price for the rights issue at Rs 1,812 per … Read more
Grasim Industries Ltd has set the price band for its rights issue at Rs 1,812 per share, the record date for which is Wednesday, January 10. The company will raise Rs 3,999.80 crore through this rights issue, which will open on Wednesday, January 17 and close on Mon, January 29. Shares of Grasim Industries closed … Read more
Grasim Industries Ltd, part of the cement space, broke above the falling trendline in July 2023 to hit a fresh 52-week high in early August 2023 but failed to hold on to the momentum. The stock is trading above support levels; hence, a bounceback could be on the cards. Short-term traders with high-risk profiles can … Read more