Old Grasim Industries Shares: What They Are Worth and How to Recover Them
Reviewed 22 September 2026
In short
Shareholders of Grasim Industries on 20 July 2017 were entitled to 7 equity shares of ₹10 each in Aditya Birla Capital for every 5 Grasim shares of ₹2 held. The Aditya Birla Capital shares were allotted on 14 August 2017 and listed on 1 September 2017. Many holders of old physical Grasim folios never received or claimed that entitlement.
Corporate actions that changed the holding
- 2017Aditya Birla Capital demerger7 Aditya Birla Capital shares of ₹10 for every 5 Grasim shares of ₹2. Record date 20 July 2017; allotted 14 August 2017; listed 1 September 2017.
Worked example. At the demerger ratio, 100 Grasim shares carried an entitlement to 140 Aditya Birla Capital shares.
Grasim has a long history of restructuring, including cement demergers, which we have not verified and so have not listed. The registrar can confirm the full entitlement on a folio.
Who to write to
Check the company’s current registrar before you write
- Where to look
- The investor or shareholder section of the company’s website, and the general shareholder information section of its latest annual report
- Why it matters
- Registrars merge and change hands — TSR Consultants became Link Intime, which became MUFG Intime — so an address on old correspondence is often out of date
We have not verified this company’s current registrar against a company or registrar source, so we are not naming one here.
Registrars change. Confirm the current one on the company’s investor page before posting anything, and see how to find a company’s registrar.
How the shares are recovered
- The shares are in your name and you have the certificates
Update KYC on the folio if needed, then dematerialise them so they can be sold.
- The shareholder has died
The nominee, surviving joint holder or legal heirs claim through transmission.
- You bought the shares on paper before April 2019
SEBI's special window, open until 4 February 2027, lets you complete the transfer.
- The certificates are lost or damaged
The registered holder or heirs apply for duplicates, credited to demat.
- The shares or dividends were transferred to IEPF
Claim them back from the IEPF Authority with Form IEPF-5.
- The certificate is in an old or merged company name
The holding may now sit with a renamed or successor company.
Questions we are asked about Grasim Industries shares
We hold old Grasim certificates. Did we get Aditya Birla Capital shares?
If the folio was on the register on 20 July 2017, there was an entitlement of 7 ABC shares for every 5 Grasim shares. Where it could not be delivered, it commonly sits in a suspense account or has gone to the IEPF.
Do we make one claim or two?
Two. Grasim and Aditya Birla Capital are separate companies with separate folios, though the documents largely overlap.
Who is the registrar?
We have not verified Grasim’s current registrar against a company source. It is named on the investor page of the company’s website and in its annual report.
Sources
Free valuation of old shares
Send us the company name and folio number from the certificate. We work out what the holding is worth today, after bonuses, splits and mergers.