Re-imagining Grasim

23 February, 2017 | Business Today

How the proposed Grasim-AB Nuvo merger will c;reate a mega company with several focused businesses

"The idea was to c;reate strong parentage from the financial services point of view and faster growth opportunities from Grasim''s point of view" Sushil Agarwal, Group CFO, Aditya Birla Group

THE MEGA MERGER RATIONALE

  • Housing all textile and related businesses from Grasim and AB Nuvo under one entity (Grasim)
  • Pairing the group''s capitaI-hungry, fast-growing businesses (finance and telecom) with steady businesses (textile) with strong cash flows
  • Unlocking value in the financial services business by listing it separately
  • Untangling cross-holdings between the two companies

 

Click here to read full Article >>

 

Social feeds

Aditya Birla Group

Official LinkedIn account of Aditya Birla Group.

A US $44.3 billion corporation, the Aditya Birla Group is in the League of Fortune 500...

MUMBAI.10,001+ employees