Kesoram Industries Limited has announced a Composite Scheme of Arrangement with UltraTech Cement Limited, which will be effective from March 1, 2025. As part of this scheme, equity shareholders of Kesoram Industries will receive 1 fully paid equity share of UltraTech Cement (face value ₹10 each) for every 52 fully paid equity shares of Kesoram Industries (face value ₹10 each).
Record Date for Share Allotment
The company had fixed March 10, 2025, as the record date to determine the shareholders eligible to receive shares in UltraTech Cement. You can check the announcement here.
Who is eligible to receive UltraTech Cement shares?
You will be eligible for the share allotment if you hold Kesoram Industries shares on or before March 7, 2025.
When will I receive the shares of UltraTech Cement Limited?
The credit of shares typically takes 30 - 45 days from the record date. You will receive an email from CDSL once the shares are credited to your demat account.
How will fractional shares be handled?
Any fractional shares will be credited to your primary bank account.
When will the allotted shares start trading on the exchanges?
The shares of UltraTech Cement issued under the scheme are expected to start trading on the exchanges after the completion of the demerger process and regulatory approvals.
The exact listing and trading commencement date are yet to be announced by the exchanges and the company. You can follow the company announcement section for updates here.