India: Grasim Industries has secured board approval for an issuance to raise up to US$480m. Local press has reported that the producer will use the proceeds for planned capital expenditure investments, including in the paints sector, as well as to repay existing borrowings and for ‘general corporate’ purposes.
Grasim Industries to raise funds for growth and diversification
URL: https://globalcement.com/news/item/16443-grasim-industries-to-raise-funds-for-growth-and-diversification
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