Grasim Industries has received approval for the Scheme of Amalgamation of Grasim Premium Fabric (formerly known as Soktas India), a wholly owned subsidiary of the Company with itself. The Board of Directors of the Company at its meeting held on May 24, 2019 has approved the same.
Grasim Industries is the flagship company of the Aditya Birla Group. The company’s businesses comprise viscose staple fibre, cement, chemicals and textiles. Its core businesses are VSF and cement, which contribute to over 90% of its revenues and operating profits.