Birla Group Increases 4.09% stake in Grasim Industries

Grasim Industries Limited is an Indian manufacturing company based in Mumbai. The company has a market capitalization of about 1.65 Lakh crores and it was incepted in 1947 as a textile manufacturer and is a part of the Aditya Birla Group. The Birla Group, the promoter of Grasim has increased its shareholding in the company according to the latest regulatory filings with the stock exchanges.

Birla Group increased its stake by 4.09%

BGHPL (Birla Group Holdings Private Limited) increased its stake in Grasim Industries from 12.99 crore equity shares (19.1 percent) to 15.77 crore equity shares (23.18 percent). This increase is a result of the amalgamation of several entities, including Umang Commercial Company Private Limited, with BGHPL. The National Company Law Tribunal has sanctioned this merger.

NCLT has sanctioned the amalgamation of six entities which includes Birla Family Investments, Birla TMT Holdings, Umang Commercial Company, Aditya Birla Online Fashion, Infocyber India, and Sunbeam Trading and Investments with BGHPL.

Shareholding Pattern of Grasim Industries Ltd.

There is no change in the promoter group’s total holding in the company, which remains the same at 43.06% as the increase of 4.09% was a result of an amalgamation of several entities into BGHPL.

The current shareholding pattern of the group:

Conclusion: The National Company Law Tribunal’s (NCLT) approval of the amalgamation of Birla Family Investments, Birla TMT Holdings, Umang Commercial Company, Aditya Birla Online Fashion, Infocyber India, and Sunbeam Trading and Investments with BGHPL has resulted in a substantial increase in BGHPL’s stake in Grasim Industries, rising from 19.1% to 23.18%. The amalgamation has strengthened BGHPL’s position in Grasim Industries.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.