Grasim Industries sells Indian fertilizer business to Singapore's Indorama Corp

Grasim Industries sells Indian fertilizer business to Singapore's Indorama Corp

Photo: Pradeep Gaur/Mint.

Grasim Industries Ltd on Thursday announced the sale of its fertilizer business, Indo Gulf Fertilisers (IGF), to Singapore-based Indorama Corp. Pte Ltd for 2,649 crore, as it plans to focus on its core businesses.