UltraTech Cement Limited — Updates, 25-02-2025: Scheme of Arrangement

UltraTech Cement Limited has announced a board meeting to declare the effectiveness of the Composite Scheme of Arrangement with Kesoram Industries Limited, effective from 1st March 2025. Under the Scheme, UltraTech will issue 1 equity share for every 52 shares held by Kesoram shareholders, along with 54,86,608 preference shares in exchange for Kesoram's preference shares. This strategic move aims to consolidate assets and enhance shareholder value, potentially boosting investor sentiment through increased share liquidity and stronger market positioning. Overall, this development presents a positive outlook for UltraTech as it navigates expansion and integration efforts.