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KESORAM CEMENT
This smallcap penny stock is locked in 20% upper circuit on Birla Group’s exit. Do you own?Kesoram Industries surged 20% after Frontier Warehousing acquired a 42.8% controlling stake through a block deal, marking the Birla family’...
Birlas exit Kesoram IndustriesKesoram Industries is seeing a change in ownership. Frontier Warehousing Limited is acquiring a controlling stake. This marks the exit of t...
UltraTech posts lower-than-expected fall in profit, shares surgeUltraTech Cement's December quarter profit dropped 17% year-on-year to ₹1,470 crore, outperforming expectations. Sales volume grew 10.5%, r...
UltraTech Cement shares in focus as co approves Rs 1,000 cr NCD allotment, NCLT clears Kesoram acquisitionShares of UltraTech Cement are expected to stay in focus after the company’s board approved raising up to Rs 1,000 crore through the allotm...
Kesoram committed to Cygnet after cement demerger, aims turnaround with Japanese FutamuraKesoram Industries, a B K Birla group firm, reaffirms commitment to loss-making subsidiary Cygnet Industries Ltd, with plans to engage Futa...
CCI approves Ultratech’s acquisition of Kesoram’s cement unitCCI approves UltraTech's acquisition of Kesoram's cement business and Shriram Ownership Trust's stake purchase in Shriram Investment Holdin...
Kesoram completes Rs 1900cr high-cost debt refinancing to yield 800 basis points interest benefitOn Thursday, the company announced the redemption of the entire outstanding outstanding NCD amounting to Rs 1487 crore before maturity. OCD...
Kesoram plans to raise funds from Tata Cap to refinance its Rs 1,500-crore debtThe company is looking for a one-year finance before the asset moves to UltraTech following regulatory clearances, they said, adding that K...
Kesoram assets a good fit for UltraTech, to bring EPS gainsThis acquisition is a reflection of the relentless pursuit of UltraTech Cement to achieve 200 MT capacity from close to 132.5 MT at present...
Kesoram set to prepay around Rs 1,500-crore high-cost debt"The three funds - Goldman Sachs, Cerberus Capital Services and Edelweiss - are set to be paid ahead of maturity as UltraTech is rated AAA ...
UltraTech to buy Kesoram's cement unit"The transaction will provide UltraTech with the opportunity to extend its footprint in the highly fragmented, competitive and fast-growing...
UltraTech Cement to buy Kesoram's cement business in $645 mln dealKESORAM INDS-ULTRATECH CEMENT/ (UPDATE 1)UPDATE 1-India's UltraTech Cement to buy Kesoram's cement business in $645 mln deal
BK Birla Group companies rally over succession planning speculationThe move by Kesoram Industries to revoke share pledge in Mangalam Cement, Century Textiles and Century Enka has revived investor interest i...
JK Tyre-Kesoram deal a win-win situation for both tyre companies: Sudip Bandopadhyay"Kesoram needs to reduce the debt and the best way they could do is by getting rid of this particular unit which was kind of coveted"
- BK Birla tweaks succession plan for Kesoram Industries
B K Birla has fine-tuned the succession plan for Kesoram Industries with daughter Manjushree Khaitan tipped to take over as vice-chairman a...
- Kesoram to sell chemical business: B K Birla
Kesoram Industries, the flagship company of the over Rs 13,000 crore B K Birla Group, will sell its chemical business housed under Hindusth...
- Timber unit for BK’s grand-daughter
Manjushree Birla’s daughter, Vidula Jalan is likely to get complete charge of the timber company.