Acquisition / mergerFiled on BSE ·

JSW Cement announces merger scheme with Shiva Cement to create unified platform

JSW Cement · Cement & Cement Products

What the filing says

  • Boards of JSW Cement and Shiva Cement approved a scheme of arrangement for merger
  • JSW Cement to issue 5 shares (₹10 face value) for every 41 shares (₹2 face value) held in Shiva Cement
  • Merger aims for synergies in operations, financials, backward integration and simplified structure; completion expected in 12-14 months subject to approvals

Original filing

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.