GRASIM
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India's Grasim Industries hits fresh record high, eyes best week in nearly 2 yrs
** Shares of India's Grasim Industries GRAS.NS extended gains for the third straight session to hit a fresh record high of 3187.60 rupees; last up 0.6%
** Stock on track for its best week since late-June 2024, up 8% so far this week
** Aditya Birla Group-owned firm narrowed fourth-quarter loss, reporting 1.64 bln rupees vs 2.88 bln rupees last year; rev up 32% y/y
** Stock on avg rated "buy" by 9 analysts; median PT is 3498 rupees - LSEG data
** Stock up 12% YTD
(Reporting by Brijesh Patel in Bengaluru)
((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))
** Shares of India's Grasim Industries GRAS.NS extended gains for the third straight session to hit a fresh record high of 3187.60 rupees; last up 0.6%
** Stock on track for its best week since late-June 2024, up 8% so far this week
** Aditya Birla Group-owned firm narrowed fourth-quarter loss, reporting 1.64 bln rupees vs 2.88 bln rupees last year; rev up 32% y/y
** Stock on avg rated "buy" by 9 analysts; median PT is 3498 rupees - LSEG data
** Stock up 12% YTD
(Reporting by Brijesh Patel in Bengaluru)
((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))
India's Grasim Industries hits record high after quarterly loss narrows
** Shares of India's Grasim Industries GRAS.NS rise as much as 3.98% to record high of 3098.3 rupees; last up 3.6%
** Aditya Birla Group-owned firm narrowed fourth-quarter loss, reporting 1.64 bln rupees vs 2.88 bln rupees last year; rev up 32% y/y
** Jefferies ("buy", PT 2938 rupees) says co's earnings beat their estimates due to strong performance in viscose staple fibre (VSF) and lower losses in new business
** JPMorgan ("overweight", PT 3460 rupees) flags 19% q/q headline rev growth in paints, stronger than their expectations
** Stock on avg rated "buy" by 9 analysts; median PT is 3525 rupees - LSEG data
** Stock up 8.6% YTD
(Reporting by Abhirami G in Bengaluru)
** Shares of India's Grasim Industries GRAS.NS rise as much as 3.98% to record high of 3098.3 rupees; last up 3.6%
** Aditya Birla Group-owned firm narrowed fourth-quarter loss, reporting 1.64 bln rupees vs 2.88 bln rupees last year; rev up 32% y/y
** Jefferies ("buy", PT 2938 rupees) says co's earnings beat their estimates due to strong performance in viscose staple fibre (VSF) and lower losses in new business
** JPMorgan ("overweight", PT 3460 rupees) flags 19% q/q headline rev growth in paints, stronger than their expectations
** Stock on avg rated "buy" by 9 analysts; median PT is 3525 rupees - LSEG data
** Stock up 8.6% YTD
(Reporting by Abhirami G in Bengaluru)
India's Crompton Greaves jumps on report Grasim eyeing controlling stake; firms deny
Updates
** Shares of Crompton Greaves Consumer Electricals CROP.NS, RIC close 4.5% higher at 301.95 rupees
** Earlier rose as much as 7.5% to hit their highest level since September 2025
** Aditya Birla Group's Grasim Industries GRAS.NS interested in acquiring the consumer electricals firm, CNBC TV-18 reports, citing sources
** "We categorically deny this story," Aditya Birla Group spokesperson tells Reuters
** Crompton Greaves, after market close, said not engaged in any discussions on this matter
** CROP's market value stands at about $2 billion
** Grasim settled largely flat
** YTD, CROP up 20%, GRAS gained 4%
(Reporting by Nishit Navin in Bengaluru)
Updates
** Shares of Crompton Greaves Consumer Electricals CROP.NS, RIC close 4.5% higher at 301.95 rupees
** Earlier rose as much as 7.5% to hit their highest level since September 2025
** Aditya Birla Group's Grasim Industries GRAS.NS interested in acquiring the consumer electricals firm, CNBC TV-18 reports, citing sources
** "We categorically deny this story," Aditya Birla Group spokesperson tells Reuters
** Crompton Greaves, after market close, said not engaged in any discussions on this matter
** CROP's market value stands at about $2 billion
** Grasim settled largely flat
** YTD, CROP up 20%, GRAS gained 4%
(Reporting by Nishit Navin in Bengaluru)
India New Issue-Aditya Birla Capital to reissue multiple-tenor bonds, bankers say
MUMBAI, May 12 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise a total of 12 billion rupees ($125.61 million) via a reissue of 7.7173% May 2031 bonds and 8.16% February 2029 notes, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital May 2031 reissue | 5 years | To be decided | 2.5+4.5 | May 13 | AAA (Crisil) |
Aditya Birla Capital Feb 2029 reissue | 2 years and 10 months | To be decided | 2.5+2.5 | May 13 | AAA (Crisil) |
Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 95.5325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, May 12 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise a total of 12 billion rupees ($125.61 million) via a reissue of 7.7173% May 2031 bonds and 8.16% February 2029 notes, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital May 2031 reissue | 5 years | To be decided | 2.5+4.5 | May 13 | AAA (Crisil) |
Aditya Birla Capital Feb 2029 reissue | 2 years and 10 months | To be decided | 2.5+2.5 | May 13 | AAA (Crisil) |
Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 95.5325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
UltraTech Cement faces Rs 808.78 billion tax demand in India assessment order
- UltraTech Cement received income-tax assessment order under Section 143(3) for Assessment Year 2023-24, raising tax demand of Rs. 808.78 billion including interest.
- Order was issued by Deputy Commissioner of Income-tax, Central Circle, Mumbai 1(4), received May 5.
- Demand reflects additions or disallowances tied to tax holiday claims, transfer pricing adjustments, ESOP expenses.
- Appeal to Commissioner of Income Tax (Appeals) is being prepared within statutory timelines; no impact on financial operations is expected.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: XAK87GVNJIVF2J11) on May 06, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement received income-tax assessment order under Section 143(3) for Assessment Year 2023-24, raising tax demand of Rs. 808.78 billion including interest.
- Order was issued by Deputy Commissioner of Income-tax, Central Circle, Mumbai 1(4), received May 5.
- Demand reflects additions or disallowances tied to tax holiday claims, transfer pricing adjustments, ESOP expenses.
- Appeal to Commissioner of Income Tax (Appeals) is being prepared within statutory timelines; no impact on financial operations is expected.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: XAK87GVNJIVF2J11) on May 06, 2026, and is solely responsible for the information contained therein.
Grasim Says NCLAT Sets Aside CCI Order Against Grasim Industries
May 5 (Reuters) - Grasim Industries Ltd GRAS.NS:
NCLAT SETS ASIDE CCI ORDER AGAINST GRASIM INDUSTRIES
PENALTY OF 3.02 BILLION RUPEES AGAINST GRASIM INDUSTRIES SET ASIDE
Source text: ID:nBSE9689YG
Further company coverage: GRAS.NS
May 5 (Reuters) - Grasim Industries Ltd GRAS.NS:
NCLAT SETS ASIDE CCI ORDER AGAINST GRASIM INDUSTRIES
PENALTY OF 3.02 BILLION RUPEES AGAINST GRASIM INDUSTRIES SET ASIDE
Source text: ID:nBSE9689YG
Further company coverage: GRAS.NS
UltraTech Cement shareholders vote on Rs 9,820 crore India Cements related-party deals
- UltraTech Cement shareholders will vote via postal ballot on an ordinary resolution to authorize material related-party transactions with subsidiary India Cements for FY 2026-27.
- Mandate covers transactions up to INR 9,820 crore, including purchases, sales, inter-corporate deposits, corporate guarantees.
- Remote e-voting closes May 30, 2026, which will be treated as date resolution is passed if it secures required majority.
- Board, audit committee recommend shareholders vote in favor of proposal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 9YB5ON5BNV0WKI7R) on April 30, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement shareholders will vote via postal ballot on an ordinary resolution to authorize material related-party transactions with subsidiary India Cements for FY 2026-27.
- Mandate covers transactions up to INR 9,820 crore, including purchases, sales, inter-corporate deposits, corporate guarantees.
- Remote e-voting closes May 30, 2026, which will be treated as date resolution is passed if it secures required majority.
- Board, audit committee recommend shareholders vote in favor of proposal.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 9YB5ON5BNV0WKI7R) on April 30, 2026, and is solely responsible for the information contained therein.
India's UltraTech Cement beats profit view on improved demand
April 27 (Reuters) - UltraTech Cement ULTC.NS, India's largest cement maker by capacity, reported a bigger -than-expected fourth-quarter profit on Monday, helped by improved demand amid favourable weather for construction activity.
Consolidated net profit rose 20.2% year-on-year to 29.83 billion rupees ($316.61 million) for the three months ended March 31, above analysts' expectation of 28.1 billion rupees, per data compiled by LSEG.
($1 = 94.2162 Indian rupees)
(Reporting by Anuran Sadhu and Surbhi Misra in Bengaluru; Editing by Subhranshu Sahu)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
April 27 (Reuters) - UltraTech Cement ULTC.NS, India's largest cement maker by capacity, reported a bigger -than-expected fourth-quarter profit on Monday, helped by improved demand amid favourable weather for construction activity.
Consolidated net profit rose 20.2% year-on-year to 29.83 billion rupees ($316.61 million) for the three months ended March 31, above analysts' expectation of 28.1 billion rupees, per data compiled by LSEG.
($1 = 94.2162 Indian rupees)
(Reporting by Anuran Sadhu and Surbhi Misra in Bengaluru; Editing by Subhranshu Sahu)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
India New Issue-Aditya Birla Capital to reissue near 3-year bonds, bankers say
MUMBAI, April 23 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise up to 7.5 billion rupees ($79.73 million), including a greenshoe option of 5.5 billion rupees, through the reissue of 8.16% February 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital 2029 bond reissue | 2 years and 10 months | To be decided | 2+5.5 | April 24 | AAA (Crisil) |
Kotak Mahindra Prime | 3 years and 2 months | 7.74 | 7 | April 23 | AAA (Crisil, Care) |
Triumph Composites | 5 years | 10.50 (quarterly) | 12.56 | April 24 | AA- (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.0650 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, April 23 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise up to 7.5 billion rupees ($79.73 million), including a greenshoe option of 5.5 billion rupees, through the reissue of 8.16% February 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital 2029 bond reissue | 2 years and 10 months | To be decided | 2+5.5 | April 24 | AAA (Crisil) |
Kotak Mahindra Prime | 3 years and 2 months | 7.74 | 7 | April 23 | AAA (Crisil, Care) |
Triumph Composites | 5 years | 10.50 (quarterly) | 12.56 | April 24 | AA- (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.0650 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee)
UltraTech commissions three grinding units, lifting India cement capacity above 200 mtpa
- UltraTech Cement commissioned three grinding units with 8.7 MTPA of cumulative capacity, lifting installed cement capacity in India to 200 MTPA.
- Consolidated global cement capacity rose to 206 MTPA, including 5 MTPA from operations in UAE, Bahrain, Sri Lanka.
- Expansion projects underway target consolidated capacity of 240 MTPA, backed by capex of over INR 160 billion.
- Milestone positions UltraTech as world’s largest cement company outside China.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: LZLLIRSGISAFH6Q0) on April 17, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement commissioned three grinding units with 8.7 MTPA of cumulative capacity, lifting installed cement capacity in India to 200 MTPA.
- Consolidated global cement capacity rose to 206 MTPA, including 5 MTPA from operations in UAE, Bahrain, Sri Lanka.
- Expansion projects underway target consolidated capacity of 240 MTPA, backed by capex of over INR 160 billion.
- Milestone positions UltraTech as world’s largest cement company outside China.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: LZLLIRSGISAFH6Q0) on April 17, 2026, and is solely responsible for the information contained therein.
CARE reaffirms UltraTech bank facilities at AAA/A1+ with stable outlook
- UltraTech Cement bank facilities ratings reaffirmed at CARE AAA with Stable outlook on April 12, 2026.
- Short-term rating reaffirmed at CARE A1+.
- Fixed deposit rating withdrawn due to no outstanding amount.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: PI9V0SF39YIETPXY) on April 13, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement bank facilities ratings reaffirmed at CARE AAA with Stable outlook on April 12, 2026.
- Short-term rating reaffirmed at CARE A1+.
- Fixed deposit rating withdrawn due to no outstanding amount.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: PI9V0SF39YIETPXY) on April 13, 2026, and is solely responsible for the information contained therein.
UltraTech Cement faces INR 5.4 billion GST tax demand, equal penalty in India order
- UltraTech Cement received an order from Additional Commissioner, Central GST, Dehradun, confirming alleged differential tax liability and ITC non-reversal for FY 2019-20 to FY 2023-24.
- Order in original confirmed tax demand of Rs. 540 million, with applicable interest.
- GST authority also imposed penalty of Rs. 540 million.
- UltraTech plans to contest demand, expecting no material financial impact.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 3A11KJ2P4E6GTRVU) on March 31, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement received an order from Additional Commissioner, Central GST, Dehradun, confirming alleged differential tax liability and ITC non-reversal for FY 2019-20 to FY 2023-24.
- Order in original confirmed tax demand of Rs. 540 million, with applicable interest.
- GST authority also imposed penalty of Rs. 540 million.
- UltraTech plans to contest demand, expecting no material financial impact.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 3A11KJ2P4E6GTRVU) on March 31, 2026, and is solely responsible for the information contained therein.
UltraTech Cement; GST demand rises to Rs. 28.9 billion due to alleged excess ITC in FY2023
- UltraTech Cement said it received an Order in Original from the Deputy Commissioner, State Goods and Services Tax, Maharashtra confirming a tax demand of Rs. 28,969,229,000.
- The order also confirms interest of Rs. 15,000,505,000 and a penalty of Rs. 2,896,692,000.
- The matter relates to the acquired cement business of Kesoram Industries involving alleged excess ITC availment, ineligible ITC claimed and short payment of tax liability.
- The company said it will contest the demand and does not expect the order to have any material financial impact.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: I8FOS833Z124Z5C2) on March 25, 2026, and is solely responsible for the information contained therein.
- UltraTech Cement said it received an Order in Original from the Deputy Commissioner, State Goods and Services Tax, Maharashtra confirming a tax demand of Rs. 28,969,229,000.
- The order also confirms interest of Rs. 15,000,505,000 and a penalty of Rs. 2,896,692,000.
- The matter relates to the acquired cement business of Kesoram Industries involving alleged excess ITC availment, ineligible ITC claimed and short payment of tax liability.
- The company said it will contest the demand and does not expect the order to have any material financial impact.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: I8FOS833Z124Z5C2) on March 25, 2026, and is solely responsible for the information contained therein.
UltraTech Cement to invest up to INR 192 million for 26.18% stake in Sunsure Solarpark Seven
UltraTech Cement entered into an energy supply agreement and a share subscription and shareholders agreement to acquire a 26.18% stake in Sunsure Solarpark Seven. The transaction involves a cash equity investment of up to INR 192 million. Sunsure Solarpark Seven is an SPV developing a 60 MWp DC/40 MW AC solar project with an integrated battery energy storage system in Uttar Pradesh, India. UltraTech Cement said the investment is intended to support captive renewable power use and optimize energy costs.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: WI0FX6OAZ6JVBRIH) on March 18, 2026, and is solely responsible for the information contained therein.
UltraTech Cement entered into an energy supply agreement and a share subscription and shareholders agreement to acquire a 26.18% stake in Sunsure Solarpark Seven. The transaction involves a cash equity investment of up to INR 192 million. Sunsure Solarpark Seven is an SPV developing a 60 MWp DC/40 MW AC solar project with an integrated battery energy storage system in Uttar Pradesh, India. UltraTech Cement said the investment is intended to support captive renewable power use and optimize energy costs.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: WI0FX6OAZ6JVBRIH) on March 18, 2026, and is solely responsible for the information contained therein.
India New Issue-Aditya Birla Sun Life Insurance accepts bids for 10-year bonds, bankers say
MUMBAI, March 6 (Reuters) - India's Aditya Birla Sun Life Insurance Company accepted bids worth 5 billion rupees ($54.53 million) in a sale of bonds maturing in 10 years, three bankers said on Friday.
It will pay a coupon of 7.90% and invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Sun Life Insurance | 10 years | 7.9 | 5 | March 6 | AAA (Crisil, India Ratings) |
Altius Telecom Infrastructure Trust | 7 years | 7.5 | 14.50 | March 6 | AAA (Crisil, Care) |
Torrent Power | 8 years | 7.97 | 6.80 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 9 years | 7.97 | 6.75 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 10 years | 7.97 | 6.45 | March 6 | AA+ (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 91.6970 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
((Dharamraj.dhutia@tr.com, khushi.malhotra@thomsonreuters.com))
MUMBAI, March 6 (Reuters) - India's Aditya Birla Sun Life Insurance Company accepted bids worth 5 billion rupees ($54.53 million) in a sale of bonds maturing in 10 years, three bankers said on Friday.
It will pay a coupon of 7.90% and invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Sun Life Insurance | 10 years | 7.9 | 5 | March 6 | AAA (Crisil, India Ratings) |
Altius Telecom Infrastructure Trust | 7 years | 7.5 | 14.50 | March 6 | AAA (Crisil, Care) |
Torrent Power | 8 years | 7.97 | 6.80 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 9 years | 7.97 | 6.75 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 10 years | 7.97 | 6.45 | March 6 | AA+ (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 91.6970 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
((Dharamraj.dhutia@tr.com, khushi.malhotra@thomsonreuters.com))
India New Issue-Aditya Birla Sun Life Insurance to issue 10-year bonds, bankers say
MUMBAI, March 5 (Reuters) - India's Aditya Birla Sun Life Insurance Company plans to raise 5 billion rupees ($54.69 million) through the sale of bonds maturing in 10 years, three bankers said on Thursday.
It will pay a coupon of 7.90% and invited commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Sun Life Insurance Company | 10 Years | 7.90 | 5 | March 9 | AAA (Crisil, India Ratings) |
Altius Telecom Infrastructure Trust | 7 years | 7.50 | 14.50 | March 6 | AAA (Crisil,care) |
NEEPCO Staggered Redemption Bonds | 10 years | To be decided | 2.5+5 | March 9 | AA (Care, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 91.4250 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, March 5 (Reuters) - India's Aditya Birla Sun Life Insurance Company plans to raise 5 billion rupees ($54.69 million) through the sale of bonds maturing in 10 years, three bankers said on Thursday.
It will pay a coupon of 7.90% and invited commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Sun Life Insurance Company | 10 Years | 7.90 | 5 | March 9 | AAA (Crisil, India Ratings) |
Altius Telecom Infrastructure Trust | 7 years | 7.50 | 14.50 | March 6 | AAA (Crisil,care) |
NEEPCO Staggered Redemption Bonds | 10 years | To be decided | 2.5+5 | March 9 | AA (Care, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 91.4250 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
UltraTech Cement Ltd. Publishes Update to Financial Calendar
UltraTech Cement Ltd. said its Board of Directors will meet on Monday, 27 April 2026, to consider and approve the company’s standalone and consolidated audited financial results and to recommend a dividend, if any. The company also said its trading window will remain closed from 1 April 2026 through 29 April 2026 (both days inclusive), ending 48 hours after the announcement of the financial results.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: A5YRD2WBG4RCT1I2) on March 02, 2026, and is solely responsible for the information contained therein.
UltraTech Cement Ltd. said its Board of Directors will meet on Monday, 27 April 2026, to consider and approve the company’s standalone and consolidated audited financial results and to recommend a dividend, if any. The company also said its trading window will remain closed from 1 April 2026 through 29 April 2026 (both days inclusive), ending 48 hours after the announcement of the financial results.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UltraTech Cement Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: A5YRD2WBG4RCT1I2) on March 02, 2026, and is solely responsible for the information contained therein.
MSCI to add India's Aditya Birla Capital, L&T Finance to flagship global index and drop IRCTC
By Bharath Rajeswaran
Feb 11 (Reuters) - Global index provider MSCI added financial services firms Aditya Birla Capital ADTB.NS and L&T Finance LTFL.NS to its widely tracked Global Standard Index, while removing state-run Indian Railway Catering and Tourism Corporation (IRCTC) in a periodic reshuffle.
The changes, disclosed on Wednesday, will take effect on February 27.
MSCI indexes serve as globally recognised benchmarks tracked by large passive funds, implying that inclusions typically attract fresh capital inflows, while removals usually entail outflows.
Following the rejig, the number of Indian companies in the MSCI Global Standard Index will rise to 165 from 164. However, India's overall weight in the index will remain steady at 14.1%, according to Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.
Nuvama estimates that Aditya Birla Capital and L&T Finance could see passive inflows of approximately $257 million and $238 million, respectively. In contrast, IRCTC is expected to face outflows of about $141.6 million.
AU Small Finance Bank AUFI.NS, a retail-focused lender, is likely to receive around $172 million in inflows due to an increase in its index weight, according to Nuvama.
MSCI also made significant changes to its Small Cap Index, reducing the number of Indian constituents to 480 from 508. India's small-cap index .NIFSMCP100 has declined 7% since the start of 2025, underperforming broader benchmarks.
The reshuffle comes amid continued pressure on India's small-cap stocks, where concerns over stretched valuations and earnings sustainability have weighed on sentiment.
While L&T Finance graduated from the Small Cap Index to the Global Standard Index, 34 companies including Dilip Buildcon DIBL.NS, Zaggle Prepaid ZAGG.NS, Sterlite Technologies STTE.NS, and KNR Constructions KNRL.NS were removed.
On the other hand, seven Indian firms, including renewable energy player Premier Energies PEME.NS, depository services provider National Securities Depository NATS.BO, pharmaceutical company Emcure Pharma EMCU.NS and cement manufacturer JSW Cement JSWC.NS were added to the Small Cap Index.
MSCI adds two Indian firms to its global standard index in February rejig https://reut.rs/4tv4XTm
Major additions and deletions of Indian stocks in MSCI Small Cap index https://reut.rs/4tsVlbF
India's small-cap stocks underperform the benchmarks since the start of 2025 https://reut.rs/3O1i66D
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
By Bharath Rajeswaran
Feb 11 (Reuters) - Global index provider MSCI added financial services firms Aditya Birla Capital ADTB.NS and L&T Finance LTFL.NS to its widely tracked Global Standard Index, while removing state-run Indian Railway Catering and Tourism Corporation (IRCTC) in a periodic reshuffle.
The changes, disclosed on Wednesday, will take effect on February 27.
MSCI indexes serve as globally recognised benchmarks tracked by large passive funds, implying that inclusions typically attract fresh capital inflows, while removals usually entail outflows.
Following the rejig, the number of Indian companies in the MSCI Global Standard Index will rise to 165 from 164. However, India's overall weight in the index will remain steady at 14.1%, according to Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.
Nuvama estimates that Aditya Birla Capital and L&T Finance could see passive inflows of approximately $257 million and $238 million, respectively. In contrast, IRCTC is expected to face outflows of about $141.6 million.
AU Small Finance Bank AUFI.NS, a retail-focused lender, is likely to receive around $172 million in inflows due to an increase in its index weight, according to Nuvama.
MSCI also made significant changes to its Small Cap Index, reducing the number of Indian constituents to 480 from 508. India's small-cap index .NIFSMCP100 has declined 7% since the start of 2025, underperforming broader benchmarks.
The reshuffle comes amid continued pressure on India's small-cap stocks, where concerns over stretched valuations and earnings sustainability have weighed on sentiment.
While L&T Finance graduated from the Small Cap Index to the Global Standard Index, 34 companies including Dilip Buildcon DIBL.NS, Zaggle Prepaid ZAGG.NS, Sterlite Technologies STTE.NS, and KNR Constructions KNRL.NS were removed.
On the other hand, seven Indian firms, including renewable energy player Premier Energies PEME.NS, depository services provider National Securities Depository NATS.BO, pharmaceutical company Emcure Pharma EMCU.NS and cement manufacturer JSW Cement JSWC.NS were added to the Small Cap Index.
MSCI adds two Indian firms to its global standard index in February rejig https://reut.rs/4tv4XTm
Major additions and deletions of Indian stocks in MSCI Small Cap index https://reut.rs/4tsVlbF
India's small-cap stocks underperform the benchmarks since the start of 2025 https://reut.rs/3O1i66D
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
Grasim Industries Q3 Net Loss 1.74 Billion Rupees
Feb 10 (Reuters) - Grasim Industries Ltd GRAS.NS:
GRASIM INDUSTRIES Q3 NET LOSS 1.74 BILLION RUPEES
GRASIM INDUSTRIES Q3 REVENUE FROM OPERATIONS 104.32 BILLION RUPEES
Further company coverage: GRAS.NS
Feb 10 (Reuters) - Grasim Industries Ltd GRAS.NS:
GRASIM INDUSTRIES Q3 NET LOSS 1.74 BILLION RUPEES
GRASIM INDUSTRIES Q3 REVENUE FROM OPERATIONS 104.32 BILLION RUPEES
Further company coverage: GRAS.NS
REFILE-Advent to buy 14.3% of Indian mortgage lender Aditya Birla Housing Finance for $304 million
Removes extraneous word "company" in paragraph 1
Feb 3 (Reuters) - Private equity firm Advent International will buy a 14.3% stake in India's Aditya Birla Housing Finance for 27.5 billion rupees ($304.1 million), the latter's parent said on Tuesday.
The deal values the mortgage lender at 192.50 billion rupees, parent Aditya Birla Capital ADTB.NS said in a press release. On completion of the deal, Aditya Birla Capital would be left with an 85.7% stake in the mortgage lender.
The Advent deal is the latest in a string involving foreign investments in India's financial sector. Japan's MUFG said last year it would buy 20% of non-bank lender Shriram Finance SHMF.NS for $4.4 billion and Emirates NBD Bank struck a $3 billion deal for 60% in private lender RBL Bank RATB.NS.
Aditya Birla Housing Finance had assets under management of 422.04 billion rupees as of December-end.
Advent was an investor in Aditya Birla Capital from 2020 until 2025.
($1 = 90.4420 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
Removes extraneous word "company" in paragraph 1
Feb 3 (Reuters) - Private equity firm Advent International will buy a 14.3% stake in India's Aditya Birla Housing Finance for 27.5 billion rupees ($304.1 million), the latter's parent said on Tuesday.
The deal values the mortgage lender at 192.50 billion rupees, parent Aditya Birla Capital ADTB.NS said in a press release. On completion of the deal, Aditya Birla Capital would be left with an 85.7% stake in the mortgage lender.
The Advent deal is the latest in a string involving foreign investments in India's financial sector. Japan's MUFG said last year it would buy 20% of non-bank lender Shriram Finance SHMF.NS for $4.4 billion and Emirates NBD Bank struck a $3 billion deal for 60% in private lender RBL Bank RATB.NS.
Aditya Birla Housing Finance had assets under management of 422.04 billion rupees as of December-end.
Advent was an investor in Aditya Birla Capital from 2020 until 2025.
($1 = 90.4420 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank Dhaniwala)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
Grasim Appoints Sachin Sahay As Chief Executive Officer Of Birla Opus Paints
Jan 16 (Reuters) - Grasim Industries Ltd GRAS.NS:
GRASIM - APPOINTMENT OF SACHIN SAHAY AS CHIEF EXECUTIVE OFFICER OF BIRLA OPUS PAINTS
Source text: ID:nnAZN4RZIUN
Further company coverage: GRAS.NS
Jan 16 (Reuters) - Grasim Industries Ltd GRAS.NS:
GRASIM - APPOINTMENT OF SACHIN SAHAY AS CHIEF EXECUTIVE OFFICER OF BIRLA OPUS PAINTS
Source text: ID:nnAZN4RZIUN
Further company coverage: GRAS.NS
India New Issue-Aditya Birla Housing Finance to issue 5-year bonds, bankers say
MUMBAI, Nov 17 (Reuters) - India's Aditya Birla Housing Finance plans to raise 5 billion rupees ($56.36 million), including a greenshoe option of 3 billion rupees, through the sale of bonds maturing in five years, three bankers said on Monday.
It will pay a coupon of 7.2841% and has invited commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on November 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Housing Finance | 5 years | 7.2841 | 2+3 | November 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.7100 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, Nov 17 (Reuters) - India's Aditya Birla Housing Finance plans to raise 5 billion rupees ($56.36 million), including a greenshoe option of 3 billion rupees, through the sale of bonds maturing in five years, three bankers said on Monday.
It will pay a coupon of 7.2841% and has invited commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on November 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Housing Finance | 5 years | 7.2841 | 2+3 | November 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.7100 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
India New Issue-Aditya Birla Capital to issue multiple bonds, bankers say
MUMBAI, Sept 22 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise 20 billion rupees ($226.96 million) through sale of multiple maturity bonds, three bankers said on Thursday.
The company will raise 5 billion rupees each through two-year and six-month bonds at a coupon, which is 146 basis points above three-month overnight index swaps and five-year bonds at a coupon of 7.52%.
The company is also targeting 5 billion rupees each through reissue of 7.3789% February 2028 bonds and 7.2959% September 2028 bond.
Aditya Birla Capital did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital | 2 year and 6 month | 146 bps over 3-month OIS | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 5 years | 7.52 | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 2 year and 5 months | To be decided | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 3 years | To be decided | 5 | September 23 | AAA (Crisil) |
Roha Dye Chem | 5 years | 14 (yield) | 4 | To be decided | NA |
PFC | 2 year and 20 days | To be decided | 6+29 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 88.1200 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, Sept 22 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise 20 billion rupees ($226.96 million) through sale of multiple maturity bonds, three bankers said on Thursday.
The company will raise 5 billion rupees each through two-year and six-month bonds at a coupon, which is 146 basis points above three-month overnight index swaps and five-year bonds at a coupon of 7.52%.
The company is also targeting 5 billion rupees each through reissue of 7.3789% February 2028 bonds and 7.2959% September 2028 bond.
Aditya Birla Capital did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital | 2 year and 6 month | 146 bps over 3-month OIS | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 5 years | 7.52 | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 2 year and 5 months | To be decided | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 3 years | To be decided | 5 | September 23 | AAA (Crisil) |
Roha Dye Chem | 5 years | 14 (yield) | 4 | To be decided | NA |
PFC | 2 year and 20 days | To be decided | 6+29 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 88.1200 Indian rupees)
(Reporting by Dharamraj Dhutia)
India New Issue-Aditya Birla Housing accepts bids on bond reissue, bankers say
MUMBAI, Sept 18 (Reuters) - India's Aditya Birla Housing Finance has accepted bids worth 5 billion rupees ($56.73 million) for reissue of 7.8618% September 2028 bonds, three bankers said on Thursday.
The company will offer a yield of 7.28% on this issue and had invited commitment bids earlier in the day, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Housing Sept 2028 reissue | 3 years | 7.28 (yield) | 5 | September 18 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 88.1375 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, Sept 18 (Reuters) - India's Aditya Birla Housing Finance has accepted bids worth 5 billion rupees ($56.73 million) for reissue of 7.8618% September 2028 bonds, three bankers said on Thursday.
The company will offer a yield of 7.28% on this issue and had invited commitment bids earlier in the day, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Housing Sept 2028 reissue | 3 years | 7.28 (yield) | 5 | September 18 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 88.1375 Indian rupees)
(Reporting by Dharamraj Dhutia)
India New Issue-Aditya Birla Housing to issue 3-year bonds, bankers say
MUMBAI, Sept 17 (Reuters) - India's Aditya Birla Housing Finance plans to raise 5 billion rupees ($56.92 million), including a greenshoe option of 1 billion rupees, through the sale of bonds maturing in three years, three bankers said on Wednesday.
It has invited coupon and commitment bids for the issue on Thursday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Housing Finance | 3 years | To be decided | 4+1 | September 18 | AAA (Crisil) |
TVS Credit Services | 3 years | To be decided | 5+2 | September 18 | AA+ (Crisil) |
Nuvoco Vistas Corp | 3 years | 7.70 | 6 | September 17 | AA (Crisil) |
Numaligarh Refinery | 10 years | To be decided | 10+40 | September 22 | AAA (Crisil, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 87.8400 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
MUMBAI, Sept 17 (Reuters) - India's Aditya Birla Housing Finance plans to raise 5 billion rupees ($56.92 million), including a greenshoe option of 1 billion rupees, through the sale of bonds maturing in three years, three bankers said on Wednesday.
It has invited coupon and commitment bids for the issue on Thursday, they said.
The company did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Housing Finance | 3 years | To be decided | 4+1 | September 18 | AAA (Crisil) |
TVS Credit Services | 3 years | To be decided | 5+2 | September 18 | AA+ (Crisil) |
Nuvoco Vistas Corp | 3 years | 7.70 | 6 | September 17 | AA (Crisil) |
Numaligarh Refinery | 10 years | To be decided | 10+40 | September 22 | AAA (Crisil, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 87.8400 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
India File: GST 2.0 shakes up weddings, wardrobes and wallets
India New Issue-Aditya Birla Capital to issue 10-year bonds, bankers say
MUMBAI, Sept 5 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise at least 40 billion rupees ($453.2 million), including a greenshoe option of 20 billion rupees, through the sale of bonds maturing in 9 years, 11 months and 27 days, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Tuesday, the bankers said.
Aditya Birla Capital did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital | 9 years, 11 months and 27 days | To be decided | 20+20 | September 9 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.2700 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, Sept 5 (Reuters) - India's Aditya Birla Capital ADTB.NS plans to raise at least 40 billion rupees ($453.2 million), including a greenshoe option of 20 billion rupees, through the sale of bonds maturing in 9 years, 11 months and 27 days, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Tuesday, the bankers said.
Aditya Birla Capital did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital | 9 years, 11 months and 27 days | To be decided | 20+20 | September 9 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.2700 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Eileen Soreng)
Grasim Industries top gainer on Nifty 50; brokerages hike PT on earnings beat
** Grasim Industries' GRAS.NS shares climb 2.2% to 2,751.9 rupees
** Top gainer on Nifty 50 .NSEI index, which is up 0.2%
** Aditya Birla Group holding company's Q1 EBITDA of 3.85 bln rupees ($44 mln) topped Jefferies and Morgan Stanley estimates
** Higher caustic soda volumes drove beat, new businesses like Birla Opus "delivering strongly on expectations" - Jefferies
** Jefferies and Motilal raise PT on stock to joint-street-high of 3,500 rupees
** At least 4 analysts raise PT, pushing median PT to 3,266.5 rupees vs 3,225 rupees month ago - data compiled by LSEG
** Eight analysts rate GRAS "buy" on avg - LSEG
** YTD, GRAS up 12.4% vs Nifty 50 3% gain
($1 = 87.5037 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
** Grasim Industries' GRAS.NS shares climb 2.2% to 2,751.9 rupees
** Top gainer on Nifty 50 .NSEI index, which is up 0.2%
** Aditya Birla Group holding company's Q1 EBITDA of 3.85 bln rupees ($44 mln) topped Jefferies and Morgan Stanley estimates
** Higher caustic soda volumes drove beat, new businesses like Birla Opus "delivering strongly on expectations" - Jefferies
** Jefferies and Motilal raise PT on stock to joint-street-high of 3,500 rupees
** At least 4 analysts raise PT, pushing median PT to 3,266.5 rupees vs 3,225 rupees month ago - data compiled by LSEG
** Eight analysts rate GRAS "buy" on avg - LSEG
** YTD, GRAS up 12.4% vs Nifty 50 3% gain
($1 = 87.5037 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
Grasim Industries Q1 Net Loss 1.18 Billion Rupees
Aug 8 (Reuters) - Grasim Industries Ltd GRAS.NS:
GRASIM INDUSTRIES Q1 NET LOSS 1.18 BILLION RUPEES
GRASIM INDUSTRIES Q1 REVENUE FROM OPERATIONS 92.23 BILLION RUPEES
Source text: [ID:]
Further company coverage: GRAS.NS
Aug 8 (Reuters) - Grasim Industries Ltd GRAS.NS:
GRASIM INDUSTRIES Q1 NET LOSS 1.18 BILLION RUPEES
GRASIM INDUSTRIES Q1 REVENUE FROM OPERATIONS 92.23 BILLION RUPEES
Source text: [ID:]
Further company coverage: GRAS.NS
India New Issue-Aditya Birla capital to reissue bonds, bankers say
MUMBAI, Aug 5 (Reuters) - India's Aditya Birla Capital plans to raise 6 billion rupees ($68.3 million), including a greenshoe option of 4.5 billion rupees, through the reissue of 8.03% May 2035 bonds, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital May Reissue | 9 years and 9 months | To be decided | 1.5+4.5 | August 6 | AAA (Crisil) |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues.
($1 = 87.7900 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sumana Nandy)
MUMBAI, Aug 5 (Reuters) - India's Aditya Birla Capital plans to raise 6 billion rupees ($68.3 million), including a greenshoe option of 4.5 billion rupees, through the reissue of 8.03% May 2035 bonds, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Aditya Birla Capital May Reissue | 9 years and 9 months | To be decided | 1.5+4.5 | August 6 | AAA (Crisil) |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues.
($1 = 87.7900 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sumana Nandy)
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What does Grasim Industries do?
Grasim Industriesis a leading global and Indian producer of Cellulosic Staple Fibre (CSF) and Cellulosic Fashion Yarn (CFY). As a key segment within the broader man-made textile fibre industry, Cellulosic Fibres represents Grasim’s commitment to innovation, sustainability, and excellence in the evolving world of textiles. y. In India, the company has constantly expanded the CSF market through indigenously developed second and third-generation fibres, known as Birla Modal and Birla Excel (Lyocell), respectively. The success of brand ‘LIVA’ can be attributed to its relentless focus on customer centricity over the years. Raysil, the fashion yarn, is Grasim's viscose filament yarn brand. It is a well-known brand renowned for its luxurious texture and sustainable origins, crafted from 100% natural wood pulp, offering a biodegradable and eco-friendly alternative to synthetic fibres.
Who are the competitors of Grasim Industries?
Grasim Industries major competitors are Ambuja Cement, Shree Cement, Ultratech Cement, JK Cement, Dalmia Bharat, ACC, The Ramco Cements. Market Cap of Grasim Industries is ₹2,09,585 Crs. While the median market cap of its peers are ₹41,903 Crs.
Is Grasim Industries financially stable compared to its competitors?
Grasim Industries seems to be less financially stable compared to its competitors. Altman Z score of Grasim Industries is 0.99 and is ranked 8 out of its 8 competitors.
Does Grasim Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Grasim Industries latest dividend payout ratio is 18.36% and 3yr average dividend payout ratio is 13.27%
How has Grasim Industries allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Grasim Industries balance sheet?
Grasim Industries balance sheet is weak and might have solvency issues
Is the profitablity of Grasim Industries improving?
The profit is oscillating. The profit of Grasim Industries is ₹10,111 Crs for TTM, ₹3,706 Crs for Mar 2025 and ₹5,624 Crs for Mar 2024.
Is the debt of Grasim Industries increasing or decreasing?
Yes, The net debt of Grasim Industries is increasing. Latest net debt of Grasim Industries is ₹2,18,760 Crs as of Mar-26. This is greater than Mar-25 when it was ₹1,68,007 Crs.
Is Grasim Industries stock expensive?
Yes, Grasim Industries is expensive. Latest PE of Grasim Industries is 43.23, while 3 year average PE is 30.84. Also latest EV/EBITDA of Grasim Industries is 11.94 while 3yr average is 10.48.
Has the share price of Grasim Industries grown faster than its competition?
Grasim Industries has given better returns compared to its competitors. Grasim Industries has grown at ~19.5% over the last 7yrs while peers have grown at a median rate of 8.01%
Is the promoter bullish about Grasim Industries?
Promoters seem to be bullish about the company. Latest quarter promoter holding is 43.74% and last quarter promoter holding is 43.22%.
Are mutual funds buying/selling Grasim Industries?
The mutual fund holding of Grasim Industries is decreasing. The current mutual fund holding in Grasim Industries is 6.53% while previous quarter holding is 6.63%.