Ultratech Cement announced shares swap for the acquisition of Kesoram Industries

Ultratech Cement: UltraTech Cement, a Birla Group cement company, has announced to split the shares in a ratio of 1: 5 on February 25 to acquire BK Birla Group’s company Kesoram Industries. On behalf of UltraTech, it was said that the company would take entry in wire and cable segment with capes worth Rs 1,800 crore.

UltraTech wire and cable plant will be built here

Let us know that Kesoram Industries is associated with cement, tube, tires, rayon, spon pipes, heavy chemicals, paper manufacturing. According to the arrangement of this scheme, Aditya Birla’s company Ultratech Cement will issue one of its shares in lieu of 52 shares of Kesoram Industries. UltraTech said, the company will build wire and cable plant in Bharuch, Gujarat at a cost of Rs 1,800 crore in the next two years. This plant is expected to be operational by December 2026.

UltraTech announces Board approval for the Company’s plan to enter the wires and cables segment, with capital expenditure of Rs. 1,800 crore over the next 2 years. This will strengthen its position as a comprehensive Building Solutions provider.

Read: https://t.co/jNK0gCSOVb

— UltraTech Cement Ltd (@UltraTechCement) February 25, 2025

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Aditya Birla Group Chairman Kumar Mangalam Birla said, “We want to increase the scope of our presence in the construction value chain with our entry in the cable and wire segment, which every one of our customers in the construction sector It is in accordance with our attitude to provide a solution of the cheese. Of course, our focus will be on our major cement business and we will continue to carry it forward. This year, UltraTech has crossed 175 MTPA in cement production capacity in India and has achieved a new milestone and is also likely to emerge as the largest cement company globally. Ultratech is committed to providing better quality building materials and solutions, which contributes to the sustainable development of developed India. ”

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