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Grasim Industries buys leasehold rights of 220 acres land parcel to set up manufacturing units

 

Grasim Industries, the flagship company of Aditya Birla, has acquired leasehold rights to approximately 220 acres of land from Century Textiles and Industries for INR 254.70 crore.

Grasim Industries has acquired leasehold rights to approximately 220 acres from Century Textiles and Industries for Rs 254.70 crore.

This acquisition will allow Grasim Industries to set up manufacturing facilities in the future, and the land parcel is located at the Gujarat Industrial Development Corporation's Vilayat Industrial Estate in Bharuch district, Gujarat.

“The said transaction has been completed today i.e. 24th March 2023 and is not a related party transaction,” Grasim Industries said in an exchange notification on Friday, March 24.

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