Kumar Mangalam Birla, chairman of Aditya Birla Group, on Thursday announced the merger of Aditya Birla Nuvo(ABNL) with Grasim Industries to create an entity with Rs 60,000-crore annual revenue or about $9 billion. This will be followed by the demerger of the financial services business into a separate listed company. ABNL has interests in Aditya [...]