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AB NUVO GRASIM
Aditya Birla Group mixes services into its portfolioThe shareholders are currently voting to approve this amalgamation (voting ends first week of April). Grasim and Nuvo together hold 28% of ...- Question merger of Aditya Birla's financial services arm with Grasim: IiASAditya Birla group contended that housing the group’s financial services business within Grasim would help it leverage a stronger balance s...
- Grasim, AB Nuvo advance on fixing of swap ratio for mergerFollowing the announcement, shares of Grasim Industries rose 1.60 per cent to settle at Rs 1024.55 on BSE. Shares of Aditya Birla Nuvo adde...
- Aditya Birla Nuvo-Grasim merger: LIC may decide to give its go-ahead in a week or two, says Kumar Mangalam BirlaThe chairman of the Aditya Birla Group met LIC's officiating chairman VK Sharma to explain to him the merger of AB Nuvo and Grasim.
- Will UltraTech see a revival in investor interest?UltraTech Cement stock has fallen by 2.8% in the past 5 trading sessions compared with the 12.5% drop in Grasim post its merger announcemen...
- Birla wants to feed financial services ‘animal’ with merger planThe group has been explaining the rationale of the merger after brokerages from HSBC Holdings Plc to IDFC Securities Ltd cut their recommen...
- AB Birla Group rejig to help financial services join big leagueGrasim shareholders have been telling us that they need another growth engine like UltraTech. Finserv will be another growth engine for Gra...
- India on an upward trajectory in long term: Nitasha Shankar, Yes SecuritiesOn a fundamental basis the private banks are better placed than the PSU banks but the valuations for most of the private sector banks are q...
- The aim of AB Nuvo-Grasim merger is not to fund Idea Cellular for battle with RJio: KM Birla"The key leverage from the merger will be for its financial services business that can avail of a strong balance sheet of a large, diversif...
- AB Nuvo slips 18 per cent while Grasim logs modest gains after mergerThe financial services business, which was owned by Nuvo, would be spun off and listed separately after the completion of the merger, with ...
- AB Nuvo, Grasim crash up to 17% on merger newsShares of AB Nuvo nosedived 18.08 per cent to hit a low of Rs 1,196.70 on Friday morning, while Grasim slumped 5.77 per cent to Rs 4,277.
- Get private equity, merger is bad for minority shareholders: Anil Singhvi, Ican InvestmentSinghvi says the merger to increase shareholding in Grasim is done at the cost of minority shareholders.
- Street gives a thumbs down to Aditya Birla Nuvo and Grasim Industries mergerAs part of the group restructuring, Aditya Birla Nuvo will be first merged into Grasim following which the financial services business will...
- Market gives a thumbs down to the merger of Aditya Birla Nuvo and GrasimAs part of the group restructuring, Aditya Birla Nuvo will be first merged into Grasim following which the financial services business will...
- AB Nuvo-Grasim merger to create a company worth Rs 60k-crWith diverse businesses spanning manufacturing and services, the combined company provides a play on India’s growth story.
- Ten things to know about AB Nuvo and Grasim Industries mergerThe reorganisation will see the demerger of AB Financial Services from AB Nuvo and that separate entity will be listed on stock exchanges.
- GST may prove to be joker in the pack for consumption theme: Chakri Lokapriya, TCG AMCWith GST having come close to reality, there is a question over the tax rate.
- Aditya Birla Group rejig may lead to Grasim-Nuvo mergerTwo-step recast may involve merger of Grasim and parts of AB Nuvo, followed by hiving-off of Nuvo’s finance services business into separate...
- Kesoram climbs 10% as co sells investments to enhance cash flowThe stake sale was aimed at cutting debt and improving cash flow, sources told ET Now. Following the report, Kesoram Industries surged 9.96...
- Aditya Birla group stocks end mixed amid coal scam issueShares of Aditya Birla-promoted firms such as Hindalco Industries and AB Nuvo ended the day on a mixed note.
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