Grasim Industries Ltd. has informed the Exchange that the Board of Directors of Samruddhi Cement Limited (“Samruddhi”), an unlisted subsidiary of Grasim Industries Limited ( the “Company”), in its meeting held on November 15, 2009, has approved the merger of Samruddhi into UltraTech Cement Limited (“UltraTech”), a listed subsidiary of the Company.The merger is proposed to be undertaken through a scheme of amalgamation under Sections 391-394 of the Companies Act, 1956. Continue reading Grasim Board Approves Merger of Samruddhi Cement into UltraTech Cement
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Grasim Industries Results Q2 2009
Grasim Industries Ltd has announced the following Unaudited results for the quarter ended September 30, 2009:
The Company has posted a net profit of Rs 6742.50 million for the quarter ended September 30, 2009 where as the same was at Rs 4195.00 million for the quarter ended September 30, 2008. Total Income is Rs 31269.20 million for the quarter ended September 30, 2009 where as the same was at Rs 27864.70 million for the quarter ended September 30, 2008. Continue reading Grasim Industries Results Q2 2009