The transaction, subject to regulatory approvals, entails implementation of the scheme through two steps:

1. Merger of ABNL into Grasim; and

2. Upon implementation of the merger, demerger of its Financial Services business resulting in a listed financial services company with 57% owned by post-merger Grasim and the balance being held by post-merger Grasim shareholders on a proportionate basis

With an aggregate turnover of approximately Rs. 59,766 crore and EBITDA of approximately Rs. 11,961 crore for the year ended March 31, 2016, Grasim becomes:

No. 1 cement company in India with the largest selling brand

Among the top 10 diversified private NBFCs in India

Top 4 private sector life insurers and asset management companies in India

No. 3 telecom operator in India

Leading global producer of viscose staple fibre

Largest Chlor-Alkali manufacturer in India

No. 1 manufacturer and exporter of viscose filament yarn in India

No. 4 producer of insulators globally.
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