Corporate Announcement
Security Code : 500300    Company : GRASIM    
 
Increase in limits for investment in equity share capital by RFPls and FIls to 49% (EGM on March 03, 2017)Download PDF
  Exchange Disseminated Time     03/02/2017 17:29:49
Grasim Industries Ltd has informed BSE that the Directors vide a Circular Resolution passed on February 03, 2017, have approved the proposal to:

1. Increase the limits for investment in the equity share capital of the Company by Registered Foreign Portfolio Investors (including FIIs) from 30% to 49% of the Company's total paid-up equity share capital of the Company, subject to the approval of the shareholders of the Company and other applicable statutory approvals, and

2. Convene an Extra Ordinary General Meeting of the Members of the Company on March 03, 2017 at 11.00 am at the Registered Office of the Company at Grasim Staff Club, Birlagram, Nagda -456331, District Ujjain, M.P. to obtain the approval of the shareholders to the above proposal.
 

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