Grasim has increased stake in AV Cell Inc

Thebullishtrends: Grasim share price closed on Friday at Rs.2550. Grasim Industries Ltd has increased its stake in AV Cell Inc., a Joint Venture Company in Canada, from 25% to 45%, at a total consideration of around CAD 6 Mn. (Rs 24 crores approx). Thus, Aditya Birla Group's total stake in AV Cell has increased from 75% to 95%.