Acquisition / mergerMajor development· Adverse for the businessFiled on BSE ·
Grasim Industries updates on temporary idling of AV Group NB Inc. pulp facility
Grasim Inds · Cement & Cement Products
What the filing says
- Grasim holds 45% stake in AV Group NB Inc. with total investment of ₹187.41 crore
- AV Group NB Inc. operates two pulp mills in New Brunswick, Canada, total capacity ~332K TPA
- Nackawic facility (~190K TPA capacity) to be temporarily idled around end of October 2026 due to market challenges
Why it's rated major development: operational disruption is always high
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Update On Joint Venture
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.