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Grasim Industries has said that it will be seeking shareholders’ approval for raising up to Rs 2,000 crore through private placement basis.
It has said in a regulatory filing that the Aditya Birla Group firm will be presenting the proposal to its shareholders at the Annual General Meeting (AGM) scheduled next month.
The company has said that it will seek shareholders approval to allow its Board “to make one or more offers or invitation to subscribe to Non-Convertible Debentures in one or more series/tranches during a period of one year from the date of this AGM of a sum not exceeding Rs 2,000 crore, on a private placement basis.”
