Aditya Birla Nuvo-Grasim merger to form ₹60k cr entity
The Aditya Birla Group on Thursday announced the merger of its two entities, Aditya Birla Nuvo and Grasim Industries, to create a ₹59,766 crore diversified enterprise that will be "among the largest in India". Further, the entity's financial services business will be separated and merged with Aditya Birla Financial Services (ABFSL), which will be listed later.