Exposure that Grasim will give to financial services and access to very large cash generating business like cement. (The plan) is more generic, but we have ambitious growth plan for the financial services business, whether it is lending book, or life insurance or AMC. The key leverage from the merger will be for its financial services business that can avail of a strong balance sheet of a large, diversified group that is banking on India 's national growth. It is very unusual to have company with diversified set of business and interesting mix of 30% services and 70% revenues from manufacturing. This entity will have the funding capability to fund a new business, but whether all businesses will be funded by Grasim I cannot say.

Source: Economic Times August 11, 2016 15:22 UTC