Grasim Industries Limited recently signed a definitive agreement, to acquire 100 per cent equity shareholding of Soktas India Private Limited (SIPL), from its current promoters, for an enterprise value of `165 cr, subject to net debt and working capital adjustments, as of the closing date. The transaction will be funded by the Company primarily out of internal accruals. SIPL will become a wholly owned subsidiary of Grasim upon completion of the transaction.