Ultratech Acquires Kesoram's Cement Business in Share Swap
Ultratech Cement, part of the AV Birla group, has acquired the cement business of Kesoram Industries in a share swap deal, involving a ratio of 1 Ultratech share for 52 Kesoram shares.
Photograph: Amit Dave/Reuters
Kolkata, Nov 30 (PTI) AV Birla group's largest cement maker UltraTech Cement has taken over the cement business of BK Birla group's flagship Kesoram Industries in a share swap deal.
Kesoram told the bourses that it has demerged the cement business and in a share swap deal, shareholders will receive one share of UltaTech Cement for 52 Kesoram shares of Rs 10 each.
Kesoram told the bourses that it has demerged the cement business and in a share swap deal, shareholders will receive one share of UltaTech Cement for 52 Kesoram shares of Rs 10 each.
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