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Kesoram Industries in talks to sell its main tyre unit to MRF: Report

20 Jan 2015 Evaluate

In a bid to deleverage its debt burden, Kesoram Industries is reportedly in talks with MRF to sell its main tyre unit out of the two of Birla Tyres. The company has a debt burden of Rs 4425 crore at the end of the September 2014 quarter as per its balance sheet.

Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. KIL is also listed on Societe de la Bourse de Luxembourg stock exchange.

Peers
Company Name CMP
Vardhman Textiles 556.30
Welspun Living 215.90
Arvind 538.70
Raymond Lifestyle 645.65
K.P.R. Mill 1121.30
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