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.