At meeting held on 04 December 2018The Board of Kesoram Industries at its meeting held on 04 December 2018 has decided to spin off its Tyre Business ("Birla Tyres" ) by demerging this undertaking into a resulting Company, Birla Tyres ("BTL"). Upon grant of the requisite approvals, BTL will also become a listed company with its shareholding pattern mirroring Kesoram.
The Appointed Date for such Demerger will be commencement of business 1 January 2019.
The demerger proposed is part of an ongoing exercise undertaken by Kesoram over the past few months in further realigning and recalibrating operations.
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