CAM, Chandhiok & Mahajan act on Grasim sale of Fertilizer biz to Indo Rama for Rs 2,649 crore

Aditya Birla Group firm Grasim Industries is selling its fertilizer business for Rs 2,649 crore to Indorama India.

The acquisition involves the sale and transfer of Grasim's urea fertilizer business (Indo Gulf Fertilisers) on a slump sale basis through a Scheme of Arrangement.