Sona BLW Precision Forgings Ltd., a key player in automotive component manufacturing, has raised Rs 2,400 crore through a Qualified Institutional Placement (QIP) of equity shares. According to a recent stock exchange filing, this move is a strategic push by Sona BLW to fuel its growth ambitions. The QIP, priced at Rs 690 per share, […]
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 […]
