UltraTech Cement board approves Kesoram demerger, green-lights ₹1,800-crore capex plan. Check share swap ratio | Stock Market News
Source: Live Mint Aditya Birla Group-owned UltraTech Cement’s board of directors on Tuesday, February 25, announced that the company has approved the demerger of Kesoram Industries Limited and a ₹1,800-crore capex investment, according to an exchange filing. The cement maker’s board has agreed to issue one equity share of ₹10 each for every 52 equity…