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Aditya Birla Group company Grasim Industries on Monday said that its Board of Directors has approved a proposal to raise Rs 4,000 crore through a rights issue.The board "inter-alia approved the raising of funds by way of issue of equity .
The board inter-alia approved the raising of funds by way of issue of equity shares of face value of Rs 2 each through rights issue for an amount not exceeding Rs 4,000 crore, Grasim Industries said in a regulatory filing
Birla Opus: Grasim Industries, the flagship company of Aditya Birla Group, has announced the launch of its paints business called Birla Opus. The company plans to enter the decorative paints segment in the fourth quarter of FY24. Grasim aims to become the second-largest player in the market and has committed to investing around Rs 10,000 crore.