Basant Kumar Birla flagship hopes to mop up Rs 100 crore from the scheme...

Cement maker to now wait for a rating upgrade and a benign interest rate cycle before swapping the entire debt amount...

The demerger will bring sharper focus to each company, says P Radhakrishnan, whole-time director and CEO of the firm...

The loss making subsidiary, based in Hooghly district of Bengal, makes transparent paper and rayon, employing close to 2,500 people...

The cement producer has Rs 1,890 crore debt on its balance sheet and it paid Rs 122.8 crore as the finance cost in the second quarter...

The company board, which met on Monday, approved the issue whereby shareholders will be offered 133 shares for every 274 held in the company as on September 17...

Dispersed over a period of six months, eligible shareholders will pay Rs 50 a share in two equal tranches to subscribe to the offer...

The development signals investor interest to participate in the burgeoning cement sector and the prospect of the compnay...

A promoter group entity will pay Rs 105 apiece for shares and fully convertible warrants, which are nearly at 20% premium to the closing price on the bourses...

The decision, which will affect around 2,500 workers employed in the unit, was taken as demand collapsed during the second wave of the pandemic...