UltraTech Cement to absorb Kesoram Industries’ cement business in strategic demerger
The board of directors of Kesoram Industries Limited (“KIL”) has sanctioned a Composite Scheme of Arrangement with UltraTech Cement Limited (“UltraTech”). This groundbreaking decision paves the way for the demerger of Kesoram Industries’s cement division into UltraTech, alongside a reduction and cancellation of Kesoram Industries’s preference share capital. Share Exchange Ratios and Value Unlocking As […]