Shares of Grasim Industries and Aditya Birla Nuvo will remain in focus ahead of the merger. Shares of Grasim will turn ex-date on Wednesday for a scheme of arrangement whereby Grasim will issue three shares for every 10 shares of AB Nuvo held by investors. Investors in Grasim will get seven shares of Aditya Birla Financial Services (to be demerged from AB Nuvo and listed later) for every one equity share they own. Investors need to buy Grasim shares by Tuesday.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.