Weekly Flashback: Top News That You Might Have Missed

Published : 23 February 2024

By : Sachin Gupta

Shriram to raise Rs.2400 ccrores to buy stake from Piramal Enterprises

Shriram Group aims to finance ₹2,000-2,400 crore in debt to acquire Piramal Enterprises' interest in Shriram Investment Holdings. After selling its stake in Shriram Finance, Piramal Enterprises entirely exits the Shriram Group. 

Grasim Industries ventures into paint business

Grasim Industries enters the paint industry with the launch of Birla Opus, growing competition in the decorative paints market. Grasim intends to double its projected paint investment to Rs 10,000 crore in FY23 to become a successful No. 2 player.

Ambuja Cements proposes to invest Rs 1,000 crore on a 4 MTPA cement grinding unit in Godda, Jharkhand. The facility will provide jobs for 2,500 people, help the circular economy, and securely dispose of fly ash. 

Ambuja Cements to invest Rs.1000 crores for unit in Jharkhand