Heidelberg is consolidating its cement business in India. The German cement maker is merging two companies, the unlisted Indorama Cement and holding company HeidelbergCement India into Mysore Cements that was acquired in 2006.
The shareholders of Indorama Cement will receive 1.3544 equity shares of Mysore Cements for each equity share of Indorama, while the parent will receive 0.1469 shares of Mysore Cements for every share of HeidelbergCement India.