/ Grasim To Turn Ex-Date For AB Nuvo Merger On Wednesday ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 18 July 2017

Grasim Industries stock traded in the negative territory slipping 0.24% at Rs 1,303.70 per share on BSE during Tuesday’s trade.

Shares of Grasim will turn ex-date on Wednesday for a scheme of arrangement whereby Grasim will issue three shares for every 10 shares of AB Nuvo held by investors. Investors in Grasim will get seven shares of Aditya Birla Financial Services (to be demerged from AB Nuvo and listed later) for every one equity share they own.

Meanwhile, the ex-date for Aditya Birla Nuvo was on 5 July 2017.  

On NSE, the stock attracted a traded volume of 10,42,480 shares and a traded value of Rs 13,605.72.

Grasim Industries Limited is a holding company. The company's segments include viscose staple fibre and wood pulp, cement, which includes grey, white and allied products; chemicals, which includes caustic soda and allied chemicals, and others, which includes textiles.

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