The Finance Committee of the Board of Directors of Grasim Industries Limited has approved issue of Non-Convertible Debentures (NCDs) on a private placement basis for an amount not exceeding Rs. 500 crore in one or more tranches.

Grasim Industries, is a flagship company of the global conglomerate Aditya Birla Group. Incorporated in 1947, it started as a textiles manufacturer in India and today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose Staple Fibre, the largest Chlor-Alkali, Linen and Insulators player in India.