Grasim Industries Limited has received board approval for a Rs 4,000 crore rights issue aimed at eligible equity shareholders. The funds raised will support the company’s extensive capital expenditure plans, debt repayment, and general corporate purposes. Grasim, venturing into the decorative paints sector, is currently executing its most substantial capital expenditure program. The company clarified that the raised funds would contribute to growth capital expenditure, reinforcing its position in the decorative paints market. Grasim aims to maintain market leadership in its core businesses, including Viscose and Chemicals. The rights issue allows existing shareholders to actively participate in Grasim’s ongoing growth initiatives.