Grasim Industries Ltd has informed that the Company has fixed Record Date as July 20, 2017 for the purpose of demerger of the financial services business of Grasim to ABCL in terms of Part Ill of the Scheme for determining the entitlement of the equity shareholders of Grasim to receive fully paid up equity shares of ABCL in the ratio of 7 (Seven) fully paid up equity share of Rs. 10/- (Rupees Ten) each of ABCL credited as fully paid up for every 5 (Five) fully paid up equity shares of Rs. 2/- (Rupees Two) each, held by such shareholder in Grasim.