M&A Critique

ULTRATECH adds more to its Cement Portfolio by way of Demerger from Kesoram

The Board of Directors of Ultratech Cements Limited & Kesoram Industries Limited at their respective board meeting have approved a composite scheme of arrangement (scheme) which envisages the demerger of the cement business of Kesoram Industries Limited into Ultratech Cements Limited. In addition, Kesoram Industries Limited also approved the withdrawal of the earlier announced

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Aniruddha Jain