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Grasim Industries closes Aditya Birla Chemicals purchase

Grasim Industries Ltd. on Jan. 4 closed its deal to acquire Aditya Birla Chemicals (India) Ltd. for a transaction value of 14.62 billion Indian rupees (US$219.8 million).

The company offered 235.28 rupees per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Khaitan & Co. was the legal adviser for Grasim Industries.

Khaitan & Co. was the legal adviser for Aditya Birla Chemicals.