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Chennai Stock:Grasim Raises Its First Sustainability Linked Non-Convertible Debentures (NCD) of Inr 1250 Crore from the International Finance Corporation (IFC)

 2024-10-28  Read 17  Comment 0

Abstract: The Sustainability-LINKed Funding will support the company ’s investment into the paints business. Grasim Industries Limited Corporation (IFC), The Private Security Arm of the World Bank Group, for Inr 1250 CRORE (EQUIVALENTTo Approximately $

Grasim Raises Its First Sustainability Linked Non-Convertible Debentures (NCD) of Inr 1250 Crore from the International Finance Corporation (IFC)

The Sustainability-LINKed Funding will support the company ’s investment into the paints business.

Grasim Industries Limited Corporation (IFC), The Private Security Arm of the World Bank Group, for Inr 1250 CRORE (EQUIVALENTTo Approximately $ 150 Million) by way of subscript to non-Convertible Debentures (NCD) to be back by the companyChennai Stock. The Sustainability-Linked NCDS Will the company's investment in paint manualing.

IFC ’s Investment Will Accelerate Grasim’ s Decarbonization Drive Through the Increased Adoption of Renewable Energy and Water Recy Process.

Recently, adsa birla group chairman, Mr. Kumar Mangalam Birla, Annound the Launch of Products and Services Under ITS New Decorate Paints Brand, "Birr La Opus ", Aiming for RS.10,000 CR GROSS Revenue with 3 Years of Full-Scale Operations. All.SIX ManuFacturn Plants will be fully Sustainable with Zero liquid discharge and equipped with 4th generation manuFactical to manage support OCESSSSSSAT LIGHTNING SPEED, Zero Defects and End-to-end Traceability.Kanpur Stock

Mr. H K agarwal, Managing Director, Grasim Indus Limited, SAID, "We Welcome the Investment from the International Finance Corporation (IFC), ReCognizing OUR Inability InitiversBangalore Investment. We will work with ifc to further enhance our sustainability footprints. We are addressing theTransition to a Low-CARBON Economy Through Our Renewable Projects and Energy-Efficient PRODUCTS, and are looking forwards to follow the action our E global Sustainable DEVELOPMENT GOALSPune Stock. "

Ms. Wendy Werner, India Country Head at IFC said, “IFC's financing will contribute to Grasim's sustainable growth into the paints business and will encourage other manufacturing companies to follow by successfully adopting energy efficient and water saving technologies and practicesNagpur Investment. This partnership builds on ourNearly Three-DECADE OELD PARTNERSHIP With Aditha Birla Group and IFC is Proud to Support Grasim's Expansion in a Climate Friendly Way. "


Ahmedabad Wealth Management

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