India’s Grasim Industries board approves up to Rs. 25 billion debt

By Wendy Van Sickle

Columbus, Ohio, Aug. 29 – Grasim Industries Ltd.’s board of directors approved increasing the limit for issuance of non-convertible debt on a private placement basis to an amount not to exceed Rs. 25 billion, according to a filing with the Bombay Stock Exchange.

The board approved the limit increase on Aug. 14.

The manufacturing company is based in Bombay.

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