The Economic Times08 April 2017
New Delhi: Minority shareholders of Grasim Industries have approved its mega merger with Aditya Birla Nuvo (ABNL) to create a nearly Rs.60,000-crore diversified company. Over 93% of the minority shareholders of Grasim voted in favour of the plan to merge with affiliate ABNL, Grasim Industries informed BSE. ABNL investors are scheduled to vote on the deal by April 9. According to the filing, 80% of 16.2 crore shares held by public institution cast their ballot, with 14.96 crore, or 92% casting their vote in favour of the merger.
Dr. Pragnya RamGroup Executive President, Corporate Communications & CSRAditya Birla Management Corporation Private LimitedAditya Birla Centre, 1st Floor, 'C' WingS.K. Ahire Marg, WorliMumbai 400 030.
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