Brief: Ultratech Will Issue 1 Equity Share Each For Every 52 Equity Shares Of Kesoram

Kesoram Industries

30/11/2023 11:57

Nov 30 (Reuters) - UltraTech Cement Ltd  ULTC.NS :
    * DEMERGER OF CEMENT BUSINESS OF KESORAM INDUSTRIES LIMITED
INTO
ULTRATECH CEMENT
    * ULTRATECH WILL ISSUE 1 EQUITY SHARE EACH FOR EVERY 52
EQUITY
SHARES OF KESORAM
    * FOR PURPOSE OF TRANSACTION 59,74,301 NEW SHARES OF CO WILL
BE
ISSUED TO SHAREHOLDERS OF KESORAM
    * TRANSACTION IS EXPECTED TO BE CONSUMMATED WITHIN 9- 12
MONTHS
    * PROPOSED TRANSACTION WILL ACCELERATE CO'S PATH TO GOAL OF
200
MTPA CEMENT CAPACITY IN INDIA

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