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) →Companies guiding to strong growth
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More from JSW Cement
- Capex / expansionJSW Cement commissions additional 1.00 MTPA grinding unit at Nagaur, Rajasthan
- Capex / expansionJSW Cement commissions 1 MTPA grinding unit at Nagaur, Rajasthan
- Acquisition / mergerJSW Cement approves Scheme of Arrangement to amalgamate Shiva Cement
- Acquisition / mergerJSW Cement approves Scheme of Arrangement with Shiva Cement including amalgamation
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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.
