Kesoram Industries gets nod to demerge Tyre Undertaking into Birla Tyres

05 Dec 2018

Kesoram Industries has received approval to demerge the company's Tyre Undertaking into Birla Tyres, to be implemented in terms of the scheme of arrangement between the company, Birla Tyres and their respective Shareholders and Creditors. The Board of Directors of the Company at its meeting held on December 04, 2018 has approved the same.

The demerger proposed is part of an ongoing exercise undertaken by Kesoram over the past few months in further realigning and recalibrating operations. The objective has been to transform each business into entities that are market driven in their approach.

Kesoram Industries is engaged in the manufacture of cement, tyres, tubes, rayon, paper, heavy chemicals and spun pipes. The company also in the business activities of Tyres, Cement, Rayon, TP and Chemicals.

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Kesoram Industries Share Price

78.90 0.65 (0.83%) Mar 03, 18:59
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Peers
Company Name CMP
Grasim Industries 1318.45
DCM Shriram 530.65
SRF 5688.40
Birla Corporation 856.30
Prism Johnson 108.20
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SEBI Registered: Investment Adviser - INA000013323

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