Grasim Industries on Monday signed a definitive agreement to acquire the chlor-alkali business of KPR Industries by way of a slump sale for ₹253 crore. The transaction will be funded through internal accruals. KPR would, in turn, use the funds towards a full and final settlement of the lenders’ dues under a one-time settlement. While the transaction is subject to necessary approvals, shareholders of Grasim Industries will watch the development closely.
Will Grasim acquisition add strength?
Published on
February 19, 2019 00:00