Grasim Industries raised ₹1,250 crore from IFC for paint manufacturing and decarbonization drive.

Grasim Industries, part of Aditya Birla Group, raised ₹1,250 crore from the International Finance Corporation (IFC) through the subscription of Sustainability-Linked Non-Convertible Debentures (NCDs). The funds will be used for the company's investment in paint manufacturing, accelerating its decarbonisation drive through increased adoption of renewable energy and water recycling in the paint manufacturing process.

March 19, 2024
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