Grasim Industries

Grasim Industries informed stock exchanges on Wednesday that it will hold one-on-one and buy-side meetings with investors including Citadel Securities, Enam Investments, Schonfeld Strategic Advisors, Franklin Templeton Investments, Wellington Management, and meetings arranged by Morgan Stanley between June 18 and June 23. The meetings will be conducted in virtual and physical modes. The company said no unpublished price-sensitive information will be shared.

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MUMBAI, June 16 (Reuters) - India's Aditya Birla Capital ADTB.NS has accepted bids worth an aggregate of 11.30 billion Indian rupees ($119.4 million) for a five-year bond and a reissue of September 2029 bonds, three bankers said on Tuesday.

It will pay an annual coupon of 8.26% on the fresh issue and a yield of 8.07% on the reissue, and had invited bids 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 June 16:

*Size includes base plus greenshoe for some issues

($1 = 94.6150 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

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June 8 (Reuters) - Grasim Industries Ltd GRAS.NS:

• GRASIM - APPROVED CAPEX OF 30.94 BILLION RUPEES

• GRASIM - FIRST LINE EXPECTED TO BE COMMISSIONED BY 2028, 2ND LINE TO BE COMMISSIONED BY 2030

Source text: ID:nnAZN4T14NU

Further company coverage: GRAS.NS

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MUMBAI, June 4 (Reuters) - India's Aditya Birla Housing Finance has accepted bids totalling 9.60 billion rupees ($100.22 million), through the sale of bonds maturing in three years as well as five years, three bankers said on Thursday.

It will pay a coupon of 8.22% on the three-year bonds and 8.25% on the five-year papers, and had invited bids for the issue earlier 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 June 4:

*Size includes base plus greenshoe for some issues

($1 = 95.7850 Indian rupees)

(Reporting by Dharamraj Dhutia and Khishi Malhotra; Editing by Eileen Soreng)

(([email protected]))

** 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)

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** 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)

(([email protected]))

** Shares of Crompton Greaves Consumer Electricals CROP.NS, RIC rise as much as 7.5% to 310.50 rupees, hitting their highest since September 2025

** Aditya Birla group's Grasim Industries GRAS.NS is 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 does not immediately respond to a request for comment

** The deal may involve a combination of cash and share swap, CNBC-TV18 report says

** CROP's market value stood at ~$1.9 billion as of last close

** Grasim Industries was up 0.5%

** CROP is up 20% so far this year, while GRAS has gained 4%

(Reporting by Nishit Navin in Bengaluru)

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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:

* Size includes base plus greenshoe for some issues

($1 = 95.5325 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra)

(([email protected], [email protected]))

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

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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)

(([email protected]; +91 8697274436;))

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:

*Size includes base plus greenshoe for some issues

($1 = 94.0650 Indian rupees)

(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee)

(([email protected], [email protected]))

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:

*Size includes base plus greenshoe for some issues

($1 = 91.6970 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

(([email protected], [email protected]))

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:

*Size includes base plus greenshoe for some issues

($1 = 91.4250 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)

(([email protected], [email protected]))

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.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Ronojoy Mazumdar)

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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

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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)

(([email protected]; Mobile: +91 9591011727;))

Adds details about recent management changes from paragraph 2 onwards

Jan 16 (Reuters) - India's Grasim Industries GRAS.NS on Friday named Sachin Sahay as the new chief executive of its paints business, Birla Opus.

Sahay's appointment comes more than two months after the textiles and chemicals manufacturer announced former CEO Rakshit Hargave's sudden departure, surprising analysts and stoking worries about the company's future growth path in a sector where competition is intensifying rapidly.

Since its launch in February 2024, Birla Opus has invested heavily in paint factories across India as well as offered hefty discounts, gaining ground mainly at the expense of market leader Asian Paints ASPN.NS.

Sahay, who will take charge of India's second-largest paints maker by capacity from February 16, joins from diversified conglomerate ITC ITC.NS, where he last served as executive vice president of sales.

(Reporting by Hritam Mukherjee and Abhirami G in Bengaluru; Editing by Janane Venkatraman)

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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:

*Size includes base plus greenshoe for some issues

($1 = 88.7100 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)

(([email protected], [email protected]))

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:

* Size includes base plus greenshoe for some issues

($1 = 88.1200 Indian rupees)

(Reporting by Dharamraj Dhutia)

(([email protected]))

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:

* Size includes base plus greenshoe for some issues

($1 = 88.1375 Indian rupees)

(Reporting by Dharamraj Dhutia)

(([email protected]))