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Aditya Birla Group Merged Nuvo into Grasim Industries
Aditya Birla Group led by Kumara Mangalam Birla is merging Aditya Birla Nuvo Ltd into Grasim Industries Ltd, in a bid to unlock shareholder value. It will create an entity with Rs 60,000 crore in annual revenue. The merger was approved by both, Aditya Birla Nuvo and Grasim Industries, at their respective board meetings. Aditya […]
appareltalk- January 31, 2017
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