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    Grasim Industries, Aditya Birla Nuvo About To Merge

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    Subham Mazumdar
    Grasim Industries and Aditya Birla Nuvo are set to merge in a multi-phase restructuring. The boards of both companies will examine their quarterly earnings and the proposed merger on Thursday. The merger aims to create a stronger holding company to unlock shareholder value and improve the balance sheet for future growth. It will also involve listing the financial services business as a separate entity, while enhancing existing listed entities. Both boards will announce the details of the quarterly earnings and proposed restructuring to stock exchanges on Thursday.

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    Grasim Industries, Aditya Birla Nuvo About To Merge

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    Subham Mazumdar
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    Grasim Industries and Aditya Birla Nuvo are set to merge in a multi-phase restructuring. The boards of both companies will examine their quarterly earnings and the proposed merger on Thursday. The merger aims to create a stronger holding company to unlock shareholder value and improve the balance sheet for future growth. It will also involve listing the financial services business as a separate entity, while enhancing existing listed entities. Both boards will announce the details of the quarterly earnings and proposed restructuring to stock exchanges on Thursday.

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    Grasim Industries and Aditya Birla Nuvo are set to merge in a multi-phase restructuring. The boards of both companies will examine their quarterly earnings and the proposed merger on Thursday. The merger aims to create a stronger holding company to unlock shareholder value and improve the balance sheet for future growth. It will also involve listing the financial services business as a separate entity, while enhancing existing listed entities. Both boards will announce the details of the quarterly earnings and proposed restructuring to stock exchanges on Thursday.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    78 views3 pages

    Grasim Industries, Aditya Birla Nuvo About To Merge

    Uploaded by

    Subham Mazumdar
    Grasim Industries and Aditya Birla Nuvo are set to merge in a multi-phase restructuring. The boards of both companies will examine their quarterly earnings and the proposed merger on Thursday. The merger aims to create a stronger holding company to unlock shareholder value and improve the balance sheet for future growth. It will also involve listing the financial services business as a separate entity, while enhancing existing listed entities. Both boards will announce the details of the quarterly earnings and proposed restructuring to stock exchanges on Thursday.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Grasim Industries, Aditya Birla Nuvo About To Merge

    The boards of Grasim and Aditya Birla Nuvo Limited, which are meeting on Thursday to
    examine their June quarter earnings, will also look into a multi-phase restructuring which will
    involve the merger of the two firms and sorting of the financial services business by way of a
    part demerger.
    The Kumar Mangalam Birla-controlled Aditya Birla Group has been trying to reform its
    business for the last five years and list its financial services division as a separate entity.
    Presently, its financial services business, such as life insurance and mutual funds, are housed
    under Nuvo.
    On Thursday, Grasim share price dipped almost 5% to open at Rs. 4839.00 against its
    previous closing at Rs. 4843.50. The stock saw a surge in volume by more than 1.33 times.
    The plan is to bring together Grasim Industries and Aditya Birla Nuvo to initiate a stronger
    holding company so as to unlock shareholders value and uplift the balance sheet for the next
    level of growth. This will result in listing of financial services as an entity. At the same time it
    will further enhance the existing listed entities. Both Grasim Industries and Aditya Birla Nuvo
    boards are meeting to consider their June quarter earnings and will accordingly be notified to
    the stock exchanges with all relevant details.
    Grasim Industries is a flagship company of Aditya Birla Group and has four business verticals
    which include viscose staple fibre, cement, chemicals and textiles.

    www.dynamiclevels.com

    Page 1

    According to reports, the deal is certainly happening the company is taking into considerations
    several options involving merging two companies or demerging some of the businesses. At the
    same time the investment bankers are working on swap ratios and nothing has been finalized
    yet.
    As of now Grasim share price is trading at Rs. 4610.00

    Grasim share price forecast


    Grasim is among the Top 500 shares identified by Dynamic Levels for this quarter. On
    5th August 16 Grasim share price met its 52 week high at Rs. 5361.05 and its 52 week low is
    seen at Rs. 3233.00 on 26th Feb 16. For further details refer to Grasim share price history.

    www.dynamiclevels.com

    Page 2

    Disclaimer
    The investment advice or guidance provided by way of recommendations, reports or other ways
    are solely the personal views of the research team. Users are advised to use the data for the
    purpose of information and rely on their own judgment while making investment decision.
    Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
    Disclosure
    Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also
    engaged in Investment Advisory Services and Portfolio Management Services. Dynamic
    Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We declare that our
    activities were neither suspended nor we have defaulted with any stock exchange authority with
    whom we are registered. SEBI, Exchanges and Depositories have conducted the routine inspection
    and based on their observations have issued advise letters or levied minor penalty on for certain
    operational deviations.
    Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst:
    DYNAMIC/its Associates/ Research Analyst/ his Relative:

    Do not have any financial interest / any actual/beneficial ownership in the subject
    company.

    Do not have any other material conflict of interest at the time of publication of the
    research report

    Have not received any compensation from the subject company in the past twelve months

    Have not managed or co-managed public offering of securities for the subject company.

    Have not received any compensation for brokerage services or any products / services or
    any compensation or other benefits from the subject company, nor engaged in market
    making activity for the subject company

    Have not served as an officer, director or employee of the subject company

    www.dynamiclevels.com

    Page 3

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