Citigroup acquired a new position in Grasim Industries with a 2.53% stake. The investment bank entered with shares worth ₹5,402 Cr at a share price of ₹3,109.70.
A flagship company of the Aditya Birla Group, this vertically integrated manufacturer produces viscose staple fibre, caustic soda, speciality chemicals, and rayon-grade wood pulp across multiple manufacturing locations in India. The company also operates in fertiliser and textile sectors. It ranks among India's largest private sector enterprises with diversified operations spanning chemicals, natural fibres, and specialty products across various industrial verticals.
US-based global investment bank with around USD 2.4 trillion in assets. India FPI activity covers proprietary, market-making and client flows in listed Indian equities.