Grasim Industries board approves investment of Rs 625 cr in AV Group NB Inc, Canada

The board of Grasim Industries at its meeting held on 13 November 2026 has approved the proposal to make an investment up to C$ 91.8 million (~Rs 625 crore), in one or more tranches, in the proposed Rights Issue of AV Group NB Inc, Canada (AVNB), Joint Venture of the Company, proportionate to the shareholding of the Company in AVNB i.e. 45%, in the share capital of AVNB.