Grasim merger with Aditya Birla Nuvo gets shareholder nod2 min read . Updated: 12 Apr 2017, 05:05 AM IST
More than 80% of Aditya Birla Nuvo's minority shareholders, over 90% of minority shareholders in Grasim vote in favour of the merger
Mumbai: Shareholders of Aditya Birla Group firms Grasim Industries Ltd and Aditya Birla Nuvo Ltd have approved a planned merger between the two firms in the past week, paving the way for the creation of a $9.2 billion manufacturing and service business, the two companies said in a joint statement on Tuesday.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more