Aditya Birla Group firm Grasim Industries on Monday said it has inked a pact to acquire chlor-alkali business of Kpr Industries by way of a slump sale for a cash consideration of Rs. 253 crore. The company, which has inked a definitive agreement to acquire the business, said the transaction will be funded through internal accruals. KPR Industries’ chlor-alkali business comprises an under-construction 200 TPD project at Balabhadrapuram, Andhra Pradesh. As part of the deal, Grasim would take over the assets and identified liabilities associated with the business. KPR Industries on the other hand will utilise the capital towards a full and

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