Grasim
Grasim Industries receives Rs 5,000 cr three term loan from Axis Bank
Grasim Industries, the flagship company of the Aditya Birla Group, on Tuesday announced entering into three term loan agreements totalling Rs 5,000 crore to finance capital expenditure and repayment of existing loans. It has executed agreements for a secured loan of Rs 4,850 crore and two unsecured loans of Rs 70 crore and Rs 80 crore, Grasim Industries said in an exchange filing. "The company has entered into three Term Loan Agreements on April 3, 2023, to avail the Rupee Term Loan facility aggregating to Rs 5,000 crore from Axis Bank Limited in terms of the approval by the Finance Committee of the Company," it said. The rupee term loans "are of 10 years tenor", it added. It will utilise Rs 4,850 crore loan for capital expenditure, reimbursement of capital expenditure already incurred in the last 12 months or re-payment of existing borrowings. While the other two unsecured term loans worth Rs 150 crore "shall be utilised for capital expenditure of identified projects," it ...
 "Grasim Industries receives Rs 5,000 cr three term loan from Axis Bank")
Housing, infra push drives industrial majors into Rs 60,000 cr paints biz
JK Cement latest entrant after JSW, Grasim, Astral Pipes and B2B marketplace Infra.Market; move aimed at driving synergies, leveraging distribution network, say experts
 "Housing, infra push drives industrial majors into Rs 60,000 cr paints biz")
Foray into paints, B2B e-commerce are set to transform Grasim, says Birla
Both ventures complement existing businesses of Grasim; they cater to a large market, offer access to new customer pools, firm says
 "Foray into paints, B2B e-commerce are set to transform Grasim, says Birla")
Grasim enters B2B e-commerce in building materials, to invest Rs 2,000 cr
Investment adds new high-growth engine within Grasim's standalone businesses and of its associate cos; firm is spending Rs 10,000 cr in new paints business, will launch products by early 2024
 "Grasim enters B2B e-commerce in building materials, to invest Rs 2,000 cr")
Grasim to raise up to Rs 2,000 cr via debentures to fund capex programme
Grasim has lined up investment for foray into decorative paints with project cost estimated at Rs 10,000 crore by FY25
 "Grasim to raise up to Rs 2,000 cr via debentures to fund capex programme")
Asian Paints, Berger Paints slip 6% after Grasim doubles capex plan
Grasim has doubled the capital expenditure for its foray into the paints business to Rs 10,000 crore.
 "Asian Paints, Berger Paints slip 6% after Grasim doubles capex plan")
Grasim doubles investment outlay for paints biz to Rs 10,000 cr
Company to launch products by March 2024, take on Asian Paints and new entrants such as JSW
Stocks to Watch: Adani Wilmar, Grasim, Dish Tv, Coal India, Ashok Leyland
Adani Group stocks may be in limelight after both Adani Enterprises and Adani Wilmar reported earnings for the December quarter.
 "Stocks to Watch: Adani Wilmar, Grasim, Dish Tv, Coal India, Ashok Leyland")
Grasim becomes net debt-free on standalone basis after fertiliser arm sale
In Dec quarter results, the company said its consolidated revenue was up 16% at Rs 24,402 crore while profit after tax was Rs 1,746 crore, up 26% YoY
Top headlines: Grasim Q4 net rises 13%; BSE sees a new milestone
Business Standard brings you the top news of the evening
 "Top headlines: Grasim Q4 net rises 13%; BSE sees a new milestone")
Stock picks by Sameet Chavan: Buy Strides Pharma, sell Grasim
We finally witnessed a decisive price and volume breakout from the recent congestion zone in Strides Pharma
 "Stock picks by Sameet Chavan: Buy Strides Pharma, sell Grasim")
Stocks to watch: ITC, Sun Pharma, Grasim, Power Grid, ACC, aviation stocks
Markets regulator Sebi on Thursday allowed Thomas Cook (India) to withdraw its buyback offer because of substantial deterioration in the company's financial position
 "Stocks to watch: ITC, Sun Pharma, Grasim, Power Grid, ACC, aviation stocks")
Grasim's entry into paints may have limited impact on existing players
Ability to penetrate distribution network and creating brand equity key challenges, say analysts
 "Grasim's entry into paints may have limited impact on existing players")
Up 160% in 10 months; will Grasim's foray into paint biz mean more upside?
The Indian paint industry is valued at approximately Rs 54,500 crore and is expected to grow to Rs 97,100 crore by 2024, according to the estimates of Indsec Research
 "Up 160% in 10 months; will Grasim's foray into paint biz mean more upside?")
Stocks to watch: RIL, Tata Motors, YES Bank, L&T, IndusInd Bank, Grasim
Larsen and Toubro is expected to report a strong sequential rebound in performance in Q3FY21 on the back of a healthy order inflow across verticals
 "Stocks to watch: RIL, Tata Motors, YES Bank, L&T, IndusInd Bank, Grasim")
Grasim to enter paints business with Rs 5,000 cr initial investment
Will take on the likes of Asian Paints, Nerolac in a sector that has registered a revenue CAGR of 11% between FY14 and FY19
 "Grasim to enter paints business with Rs 5,000 cr initial investment")
Sensex settles 86 points higher at 43,443 levels, gains 11% in Samvat 2076
All that happened in the markets today.
 "Sensex settles 86 points higher at 43,443 levels, gains 11% in Samvat 2076")
Lubrizol, Grasim Industries partner for India's largest CPVC resin plant
The project will be done in two phases, with the first phase of production expected to be operational in late-2022
 "Lubrizol, Grasim Industries partner for India's largest CPVC resin plant")
Steady move towards 12,200 likely once Nifty conquers 12k : Angel Broking
Banking stocks' gain on Friday may provide impetus for the extended rally going forward
 "Steady move towards 12,200 likely once Nifty conquers 12k : Angel Broking")
Grasim's small shareholders may not be keen to invest more in Vodafone Idea
This set owns 60% stake in the company and has seen zero returns on investments in the telecom firm
 "Grasim's small shareholders may not be keen to invest more in Vodafone Idea")
