# NCLT approves merger of Aditya Birla Nuvo with Grasim Industries

The National Company Law Tribunal approved the amalgamation of Aditya Birla Nuvo Ltd. with Grasim Industries Ltd., to be followed by the listing of Aditya Birla Financial Services Ltd.

- Type: Acquisition
- Announced: 2017-06-05
- Where: India
- Status: completed
- Products: cement, VSF, caustic soda, financial services
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Grasim Industries](https://endata.com/companies/9784.md) (acquirer)
- [Aditya Birla Nuvo](https://endata.com/companies/24686.md) (target)
- [Aditya Birla Financial Services](https://endata.com/companies/24687.md) (partner)

## Sources

- [adityabirla.com](https://www.adityabirla.com/media/press-releases/nclt-approves-the-amalgamation-of-abnl-with-grasim/), 2017-06-05: "This merger marks a milestone, bringing together, the financial strength provided by the debt free balance sheet of Grasim and the growth opportunities offered by ABNL’s financial services business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.