JSWCEMENT · NSE
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JSW Cement will issue 5 equity shares of face value ₹10 for every 41 equity shares of face value ₹2 held in Shiva Cement to the shareholders of Shiva Cement.
The board of JSW Cement has approved a scheme of arrangement for the amalgamation of Shiva Cement with the company.
JSW Cement announced a scheme of arrangement involving the merger of its listed subsidiary Shiva Cement with itself, aimed at creating a single unified cement platform.
JSW Cement share price shed 1% after the company received a show-cause notice proposing a GST demand of ₹229.85 crore.
JSW Cement's 1QFY27 revenue grew 22% YoY to INR19.0 billion, while EBITDA declined approximately 7% YoY to INR3.0 billion.
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