25/2/2025, 9:53:02 pm

UltraTech Cement board approves Kesoram demerger

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 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 shares of ₹10 each held by Kesoram’s shareholders as of the record date.