Feb 12, 2021 / 10:30AM GMT
Ashish Adukia - Grasim Industries Limited - CFO
So good afternoon to all the participants. The year 2020 was a dramatic year with businesses witnessing a sharp dip followed by an equally sharp recovery, which was led by monetary and fiscal stimulus, coupled with the rebound in consumer confidence. And this is also reflected in our results.
But before I get into the results, I would like to highlight certain significant developments that we have already announced. Grasim is on its path of a strategic transformation. In the last few quarters, we announced strategic decisions like sale of fertilizer business, partnership with Lubrizol and entry into the paints business. We are very excited as we potentially imbibe more growth, which makes us positive about the future direction of the company.
Let me briefly update you about the progress on these initiatives. On fertilizer, we have received CCI approval and NOC from stock exchanges. We have filed our scheme with NCLT, and we are well within the time line of consummating the transaction that we indicated earlier. On paints, for the benefits
Q3 2021 Grasim Industries Ltd Earnings Call Transcript
Mar 19, 2024
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