News Details
Headline : Grasim Inds. - Clarification
Date: 05/12/2019 18:11
GRASIM:The Exchange has sought clarification from Grasim Industries Limited with respect to announcement dated 26-Nov-2019, regarding?? Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.?? On basis of above the Company is required to clarify following: 1. Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arm's length";2. Area of business of the entity (ies);3. Rationale for amalgamation/ merger;4. In case of cash consideration amount or otherwise share entitlement/exchange ratio;5. Brief details of change in shareholding pattern (if any) of listed entity.The response of the Company is awaited.
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