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JSW Cement to amalgamate Shiva Cement in a share exchange ratio of 5:41
29-Sep-2026, 10:18
Shiva Cement Ltd. has announced a scheme of amalgamation with JSW Cement Ltd., involving a share exchange ratio of 5 equity shares for every 41 held. The move aims to create synergies in business, optimize raw material procurement, enhance shareholder value, and simplify the corporate structure. Post-amalgamation, Shiva Cement will cease to exist, and JSW Cement’s shareholding will reflect the combined entity, with a promoter holding of 71.39% and public holding of 27.67%. Additionally, a reorganization of reserves will adjust the Amalgamation Adjustment Deficit Account against JSW Cement’s Securities Premium Account to reflect a true and fair financial position.