JSW Cement To Issue 5 Shares For Every 41 Shiva Cement Shares In Merger To Create Unified Platform
By United One News · AI-generated summary of 2 outlets' reporting
Published · Updated
AI-generated summary of the coverage listed below:
JSW Cement will merge with its listed subsidiary Shiva Cement, issuing 5 new shares for every 41 Shiva shares on 29 September 2026.
- The merger creates a single cement platform aimed at operational and financial synergies.
- The exchange ratio is 5:41, with each new JSW share having a ₹10 face value and each Shiva share a ₹2 face value.
- The scheme of arrangement was approved by the boards of both companies.
Covered by 2 outlets across the spectrum: 0% left, 100% center, 0% right.
How each side framed it
JSW Cement To Issue 5 Shares For Every 41 Shiva Cement Shares In Merger To Create Unified Platform
Timeline
First reported by Free Press Journal on ; 2 articles from 2 outlets so far.
Who is covering this story
- Center (2): Free Press Journal, The Hindu BusinessLine