Aditya Birla Nuvo, Grasim Industries hit record highs

Aditya Birla Money is locked in upper circuit of 10% at Rs 73.35, also its 52-week high on BSE.

Shares of Kumar Mangalam Birla – promoted Aditya Birla Group companies, Grasim Industries (up 4% at Rs 1,267) and Aditya Birla Nuvo (up 4% at Rs 1,893) continued their upward movement hitting their respective record highs in intra-day trade on Friday, ahead of the scheme of amalgamation.

Grasim Industries has fixed July 06, 2017 as the record date-1 for merger of Aditya Birla Nuvo (ABNL) with Grasim Industries in terms of the scheme for determining the entitlement of the equity shareholders of ABNL to receive fully paid up equity shares of Grasim Industries in the ratio of 15 fully paid