Grasim Industries plans to raise funds through term loans, debt securities

NEW DELHI: Aditya Birla group agency Grasim Industries on Wednesday stated it plans to boost funds by availing time period loans or by issuing debt securities.

The board of the corporate, in a gathering held on Wednesday, has accredited the elevating of funds, Grasim Industries stated in a regulatory submitting with out informing the quantity which it intends to boost.

It has additionally authorised the Finance Committee of the Board of Administrators “to finalise mode, phrases and situations of elevating of funds together with availment of time period loans (in INR or overseas forex) or issuance of Securities” and determine on all issues and transaction regarding the identical.

Moreover time period loans, Grasim would additionally elevate funds by issuing debt securities together with overseas forex denominated bonds or debentures or securities, which can be issued in tranches, in India or abroad, inside the total borrowing restrict of Rs 10,000 crore, it added additional.

Grasim Industries is a number one producer in cement, viscose staple fibre and chemical substances.

In FY 2019-20, it had a income of Rs 18,609.40 crore.

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