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News JK Lakshmi Cement to merge three of its subsidiaries

JK Lakshmi Cement to merge three of its subsidiaries

Written by Global Cement staff 03 January 2025
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India: JK Lakshmi Cement will merge three of its subsidiaries, Udaipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries, into its operations. Under the scheme of amalgamation, Udaipur Cement Works’ shareholders will receive four JK Lakshmi Cement shares for every 100 shares held. The merger will ‘simplify the group structure’, making ‘one combined entity focused in the business of cement and cement products’, according to The Business Standard.

Last modified on 08 January 2025
Published in Global Cement News
Tagged under
  • India
  • JK Lakshmi Cement
  • Merger
  • subsidiary
  • Udaipur Cement Works
  • shareholders
  • Shares
  • GCW691
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