Aditya Birla Group-owned UltraTech Cement's board of directors on Tuesday, February 25, announced that the company has approved the demerger of Kesoram Industries Limited and a ₹1,800-crore capex investment, according to an exchange filing. Kesoram Industries' preferential shareholders will receive 54.86 lakh fully paid-up 7.3 per cent non-convertible redeemable preference shares of ₹100 each in exchange for 90 lakh 5 …
