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Why Investor Dislike Birla’s Grasim – Aditya Birla Nuvo Merger ?

August 17, 2016

Grasim Aditya Birla Nuvo DealGrasim Industries Ltd has proposed to merge Aditya Birla Nuvo Ltd with itself. Shareholders of Aditya Birla Nuvo would get 3 shares of Grasim for every 10 shares they hold. Thereafter, Aditya Birla Financial Services – would be demerged and listed as a separate entity where for every 1 share held in Grasim a shareholder will get 7 shares in Aditya Birla Financial Services which would be then listed separately.

Wouldn’t it be better to first demerge Aditya Birla Financial Services from Read more

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