The Aditya Birla Group’s main company, Grasim Industries, revealed on Tuesday that it has entered into three term loan agreements totaling Rs 5,000 crore to support capital expenditures and debt repayments. According to Grasim Industries, it has signed agreements for a secured loan worth Rs 4,850 crore and two unsecured loans at Rs 70 crore and Rs 80 crore.
According to the consent of the business’s finance committee, “the company has engaged into three Term Loan Agreements on April 3, 2023, to access the Rupee Term Loan facility from Axis Bank Ltd totaling Rs 5,000 crore.”
Grasim is a multifaceted player with a presence in many industries. It is a major manufacturer of VSF, the biggest manufacturer of chlor-alkali, linen, and insulators in India.
