JSW Cement approves merger of listed subsidiary Shiva Cement
As filed · In continuation of our disclosure dated September 29, 2026, we submit herewith a Press Release on the Outcome of the Board Meeting of JSW Cement held on September 29, 2026 Approving Scheme of Arrangem
M&AImprovingNotablemateriality 68 out of 100
What happened
FactJSW Cement and Shiva Cement boards approved a scheme to amalgamate Shiva Cement into JSW Cement, creating a unified cement platform. Shiva Cement public shareholders would receive 5 JSW Cement equity shares of face value INR 10 each for every 41 Shiva Cement equity shares of face value INR 2 each, subject to required approvals.