Report
JSW Cement plans merger with listed arm Shiva Cement at 5:41 swap ratio
The Economic Times reports that the board approved the swap ratio. The merger aims to strengthen backward integration and reduce external procurement.
TLDR
The Economic Times reports that JSW Cement plans to merge with its listed subsidiary Shiva Cement under a board-approved 5:41 swap ratio. The combination aims to streamline the corporate structure and is expected to improve management efficiency and eliminate inter-company guarantees.
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