Kesoram Industries waiting for SEBI approval for demerger of

Kesoram Industries Limited, a BK Birla group company, is expecting to get the SEBI approval of its proposed demerger of its tyre business by February this year, a company official said.

He said the entire demerger process was likely to be completed by July-end.

The official said stock exchanges had given in-principle clearance. "We are waiting for SEBI's approval. Then we will approach the NCLT", he said.

Kesoram was having three business units - cement, tyre and rayon.