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,...

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...

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 ...

Manjushree Khaitan-led Kesoram Industries Ltd has set an ambitious target to cut debt by Rs 700 crore through the infusion of fresh equity and internal cash generation to bring down interest costs.The...

Kesoram Industries, the flagship of the Basant Kumar Birla group of companies, is in talks with global majors to reshape its loss-making tyre business.The company is in the midst of a mirror image dem...

The board of Kesoram Industries has approved a capital raising plan of up to Rs 1,200 crore by way of a rights issue or preferential share allotment to pare debt and make the balance sheet strong.A co...

The board of Kesoram Industries Ltd will meet on February 18 to consider raising fresh capital by way of a rights issue or preferential allotment.The meeting will take place just a week after announc...