Ultratech Acquires Kesoram Cement in Share Swap Deal
Aditya Birla Group's Ultratech Cement takes over Kesoram Industries' cement business in a share swap deal. Kesoram shareholders will receive one Ultratech share for 52 Kesoram shares.
Photograph: Amit Dave/Reuters
Kolkata, Nov 30 (PTI) Aditya Birla Group's largest cement maker UltraTech Cement has taken over the cement business of B K Birla group's flagship Kesoram Industries in a share-swap deal, according to a regulatory filing.
Kesoram informed the bourses that it has demerged the cement business and as part of a deal, shareholders will receive one share of UltaTech Cement for 52 Kesoram shares of Rs 10 each.
Kesoram informed the bourses that it has demerged the cement business and as part of a deal, shareholders will receive one share of UltaTech Cement for 52 Kesoram shares of Rs 10 each.
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