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Tag: Kumar Mangalam Birla

Shareholders Approve Grasim-ABNL Merger
Apparel and Textile News Trade Info News

Shareholders Approve Grasim-ABNL Merger

Minority shareholders of Grasim Industries and Aditya Birla Nuvo Ltd (ABNL) have approved the mega merger of the two companies to create a nearly Rs. 60,000 crore diversified entity. “The shareholders of both the companies at their meetings recently have approved the scheme of amalgamation of ABNL with Grasim,” Kumar Mangalam Birla-led ABNL said in […]

Aditya Birla Group Rejig May Lead To Grasim-Nuvo Merger
Apparel and Textile News Apparel Brands and Companies

Aditya Birla Group Rejig May Lead To Grasim-Nuvo Merger

Aditya Birla Group is mulling a merger of Grasim and Aditya Birla Nuvo, followed by the hiving-off of the financial services business of AB Nuvo into a separate company. As part of another round of corporate reorganisation, the company is contemplating a two-step restructuring which involves the merger of Grasim Industries and parts of Aditya […]

Grasim Industries Plans To Maintain Top Position
Apparel and Textile News Apparel Brands and Companies

Grasim Industries Plans To Maintain Top Position

Grasim Industries, textile maker of Aditya Birla Group to maintain its top position in the market as well as fight volatility in the global economy is preparing a three-pronged strategy. The Kumar Mangalam Birla-owned Grasim the largest producer of VSF — a man-made, biodegradable fibre with characteristics similar to cotton — in the world with […]