Grasim's discount pricing for Birla Opus may be code red for rival Asian Paints
Jefferies sees downside risks for industry leader Asian Paints as new entrant Grasim offers a discount of around 5 percent in its paints brand, Birla Opus.
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Jefferies sees downside risks for industry leader Asian Paints as new entrant Grasim offers a discount of around 5 percent in its paints brand, Birla Opus.
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The fund-raising plan comes after after Grasim Industries announced its foray into the paints business. Analysts said the funds would also help the management in arresting debt ratios to more comfortable levels
Top companies whose promoter pledge values have fallen include Adani group’s listed firms, Vedanta Ltd, Hindustan Zinc Ltd, Indus Towers Ltd and JSW Steel