Kesoram Industries' Board Meeting Approves Composite Scheme of Arrangement with UltraTech Cement
Feb 25 2025 | 2 months agoThe Board of Directors of Kesoram Industries Ltd. held a meeting on 25th February, 2025, where they considered and approved the effectiveness of the Composite Scheme of Arrangement with UltraTech Cement Ltd. The scheme will be effective from 15th March, 2025. The Record Date for the purpose of determining the names of the equity shareholders of the Company has been fixed as Monday, 10th March, 2025. The shareholders of Kesoram Industries will receive one fully paid up equity share of Rs. 10/- each of the Resulting Company for every 52 fully paid up equity shares of Rs. 10/- each of the Company. The meeting commenced at 3:00 P.M and concluded at 4:130 P.M.
- Kesoram Industries' Board Meeting held on 25th February, 2025
- Approval of the Composite Scheme of Arrangement with UltraTech Cement
- Effectiveness of the scheme from 15th March, 2025
- Record Date for shareholders fixed as 10th March, 2025
- One for fifty-two share swap ratio