Grasim Industries Limited Raises Its First Sustainability Linked Non-Convertible Debentures of INR 12,500 million from the International Finance Corporation

Grasim Industries Limited is an India-based global producer of viscose, diversified chemicals, linen yarn, and fabrics producer in India. The Company’s segments include Viscose, Chemicals, Cement, Financial Services, and Others. The Viscose segment includes viscose staple fiber, wood pulp and viscose filament yarn. The Chemicals segment includes caustic soda, allied chemicals, and epoxy. The Cement segment includes grey cement, white cement, and allied products. The Financial Services segment includes non-bank financial services, life insurance services, asset management (AMC), housing finance, equity broking, wealth management, general insurance advisory and health insurance. The Others segment includes textiles, insulators, paints, solar power, and business-to-business e-commerce. Through its subsidiaries, UltraTech Cement Limited and Aditya Birla Capital Limited, the Company is also a cement producer and a diversified financial services company. Navyasa is its saree brand.