Shiva Cement

JSW Cement announces merger with its listed subsidiary Shiva Cement

JSW Cement will issue five shares for every 41 Shiva Cement shares held by public shareholders; the proposed merger is expected to be completed within 12-14 months

JSW Cement to merge its listed subsidiary Shiva Cement with itself

JSW Cement Ltd, part of Sajjan Jindal-led JSW Group, will merge with its listed subsidiary Shiva Cement, a move that will create a "single unified cement platform" and unlock operational, financial and management synergies. The board of JSW Cement has approved a scheme of arrangement, including the amalgamation of Shiva Cement with and into JSW Cement, the company said in a late-night filing on Tuesday. As per the scheme, "JSW Cement will issue 5 equity shares of face value Rs 10 for every 41 equity shares of face value Rs 2 held in Shiva Cement to the shareholders of Shiva Cement." The scheme is subject to receipt of requisite approvals from the stock exchanges, SEBI, the National Company Law Tribunal (NCLT), Odisha Industrial Infrastructure Development Corporation, other statutory and regulatory authorities, including shareholders and creditors. "The transaction is expected to be completed within 1214 months, subject to timely receipt of regulatory approvals," it said. The compa

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JSW Cement arm to invest over Rs 1,500 cr to set up clinker unit in Odisha

The plant will have an annual capacity of 1.36 million tonne

Shiva Cement surges 57% in four days after JSW Cement buys stake

The stock hit a record high of Rs 33.50, zoomed 57% from Rs 21.30 on June 28, 2017.