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Birla Corporation to merge Talavadi Cements with itself

26 Jul 2013 Evaluate

Birla Corporation is planning to merge Talavadi Cements, a subsidiary in which it holds a 98 per cent stake, with itself. After considering the valuation report by chartered accountancy firm Ray & Ray and a fairness opinion report by SBI Capital Markets, the board has recommended a scheme of amalgamation. After this merger, the merged entity is likely to set up a 3-million-tonne cement plant along with a captive power unit.

The company has reported a PAT of Rs 45.99 crore in first quarter of financial year 2013-14, ended June 30, against Rs 84.74 crore in the corresponding quarter of the previous year.

Birla Corporation Share Price

1022.30 4.00 (0.39%)
22-Jun-2026 09:32 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11341.00
Ambuja Cements 424.90
ACC 1348.00
Shree Cement 25101.00
Dalmia Bharat 1703.00
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