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Grasim Industries trades ex-date to spin off its financial business

The stock dipped 7% to Rs 1,013 from its opening level of Rs 1,091 on BSE in intra-day trade

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SI Reporter Mumbai
Grasim Industries dipped 7% to Rs 1,013 from its opening level of Rs 1,091 on BSE in intra-day trade after the stock turned ex-date to spin off its financial business.

At 10:29 am; the stock was trading at Rs 1,045, after hitting a low of Rs 1,013 in intra-day trade. A combined 2.94 million equity shares changed hands on the counter on BSE and NSE so far. On Tuesday, the stock of Grasim Industries was closed at Rs 1,306.

Last August, Kumar Mangalam Birla-owned Aditya Birla Group proposed to merge Grasim Industries and Aditya Birla Nuvo and spin

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