Debt financing

Grasim secures Rs.1,250 Cr from IFC

Business Line  

Grasim Industries, a publicly listed Aditya Birla Group company, has raised INR 1,250 crore from World Bank unit, International Finance Corporation (IFC).IFC will subscribe to Grasim’s Sustainability-Linked Non-Convertible Debentures. The investment will be routed to green energy projects in the paint manufacturing business. The investment is expected to accelerate Grasim’s decarbonisation drive by increasing the adoption of renewable energy and water recycling in the paint manufacturing process.

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