Birla enters wires biz after Kesoram buy

Quick Summary:

UltraTech Cement, part of the Aditya Birla Group, is acquiring Kesoram Industries from the BK Birla Group with a share swap ratio of 1:52.

UltraTech will also enter the wires and cables market with a Rs 1,800 crore investment.

This acquisition, effective from March 1, values Kesoram at Rs 7,600 crore.

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Article Details

Author / Journalist: Udit Prasanna Mukherji

Category: EconomyBusiness

Markets: IndiaIndonesiaIsrael

Topics: Construction value chain Share swap ratio Aditya Birla Group Building products division Kesoram Industries Wires and cables business UltraTech Cement Cable manufacturing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 08:54:47 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 513 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 26447458

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