Tuesday, March 25, 2008

Grasim Industries sells Digvijay Cement

The board of Grasim the company at its meeting held on December 04, 2007 had approved the sale of its entire holding of 75,816,681 equity shares representing 53.63% of the capital of Shree Digvijay Cement Company Ltd (SDCCL) to CIMPOR Inversiones SA ("Cimpor"), Calle Brasil, 56-36024 Vigo, Spain.

Grasim Industries Ltd has informed BSE that with the completion of the sale of Shree Digvijay Cement Co on March 25, 2008, SDCCL has ceased to be a subsidiary of the company.

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