Aditya Birla Nuvo, Grasim fall most in 8 years after merger announcement

The merger is not only complicated in its structure, but also unconvincing on several other elements, including the valuations of the holding company and its disadvantage to minority shareholders. Photo: AFP Mumbai: Aditya Birla Nuvo Ltd shares on Friday tanked close to 24.63% intraday as analysts and minority investors disapproved […]