India: Grasim-Aditya Birla Nuvo merger gets NCLT clearance

India: Grasim-Aditya Birla Nuvo merger gets NCLT clearance

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

The merger of Grasim Industries Ltd and Aditya Birla Nuvo Ltd will be completed by the beginning of the next quarter, a top executive at the Aditya Birla group said. Separately, the National Company Law Tribunal (NCLT) has approved the restructuring which was announced in August.

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