GRASIM INDUSTRIES LTD. - Sale of its Consumer Products Division

Grasim Industries Ltd has informed BSE that the Company has signed a Business Transfer Agreement with Future Consumer Enterprise Limited for the sale of its Consumer Products Division ("the Division"), on a slump sale basis.<BR><BR>The Division is presently engaged in the manufacture of face care wipe, baby wipes and other products in Baby/House care segments and for the Financial year 2014-15, its Net Sales was at Rs. 9.52 crore, against the total Net Sales of Rs. 6,252.34 crore at standalone level and Rs. 32,437.63 crore at consolidated level.<BR><BR>The transaction is expected to be completed in June, 2015.<BR><BR>Axis Capital Limited acted as Advisor to the transaction.