Kesoram Industries Ltd
Business  /  Published 05.08.21

Kesoram opts for rights issue

Kesoram Industries has dropped its plan for a preferential allotment of shares within a fortnight of its announcement, instead opting for a rights issue after a group of shareholders said they wanted ...
By Our Special Correspondent in Calcutta

Business  /  Published 22.07.21

Promoter funds for Kesoram

The promoters of Kesoram Industries Ltd are ploughing Rs 100 crore into the company by way of preferential allotment of shares, laying the ground for multiple rounds of equity issues over the next 12-...
By Our Special Correspondent in Calcutta

Business  /  Published 23.06.21

Kesoram stalls work at rayon unit

Covid has taken a toll on debt-laden Kesoram Industries, forcing the flagship of the Basant Kumar Birla Group to issue a notice of suspension of work in its loss-making rayon unit. The decision, whic...
By Our Special Correspondent in Calcutta

Business  /  Published 08.05.21

Kesoram Industries to consider equity issue

The board of Kesoram Industries will meet on May 14 to consider raising funds by way of equity with the aim to bring down high cost borrowing. A notice to the bourses said the capital raising could b...
By Our Special Correspondent in Calcutta

Business  /  Published 17.03.21

Kesoram borrows at over 20 per cent

Kesoram Industries has raised Rs 2,060 crore by issuing bonds to institutions such as Goldman Sachs and Edelweiss, offering as much as 20.75 per cent interest in order to repay the debts of a clutch o...
By Our Special Correspondent in Calcutta


Business  /  Published 11.02.21

Hindalco profit jumps 77% in Q3

Hindalco Industries on Wednesday reported a 76.74 per cent growth in consolidated profit after tax (PAT) at Rs 1,877 crore during the quarter ended December 2020 compared with Rs 1,062 crore a year ag...
By Our Bureau in Calcutta/Mumbai

Business  /  Published 30.09.20

Kesoram Ind debt rejig

Birla Tyre may spin off its under-construction passenger car tyre business into a separate entity in its efforts to induct a strategic partner. The company, which was carved out of Kesoram last year,...
By Sambit Saha in Calcutta

Business  /  Published 31.07.20

US firm to invest in Kesoram to lower debt

Manjushree Khaitan-led Kesoram Industries is believed to have roped in US-based fund Farallon Capital to inject fresh liquidity in the company. Kesoram, a predominantly cement producer, plans to swap...
By Sambit Saha in Calcutta

Business  /  Published 11.08.19

Kumar Mangalam Birla status quo at Kesoram

Kumar Mangalam Birla continues to remain a “promoter” of Kesoram Industries Ltd, despite writing to market regulator Sebi to change his status to a public shareholder five months ago.The chairman ...
By Sambit Saha in Calcutta

Business  /  Published 15.03.19

KM Birla bid to cut Kesoram ties

Kumar Mangalam Birla dropped a bombshell on Friday by asking Kesoram Industries Ltd to take him off the list of promoters, severing a family business connection that dates back to his great grandfathe...
By Sambit Saha in Calcutta


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