India: Grasim to refinance Aditya Birla Chemicals' loans worth $185m ahead of merger

India: Grasim to refinance Aditya Birla Chemicals' loans worth $185m ahead of merger

Kumar Mangalam Birla, Chairman, Aditya Birla Group. Photo: Mint

Grasim Industries Ltd, which decided to merge with group company Aditya Birla Chemicals India Ltd earlier this year, plans to refinance the latter’s Rs.1,200 crore loans and transfer them to its books once the merger is complete in the December quarter, a top company executive said.

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