Century Textiles UltraTech Cement

The firm said that post demerger, its debt/EBITDA ratio is at a healthy 1.85, paving way for further growth in the businesses.

The stock declined 12% to Rs 935, also its 52-week low on the BSE in intra-day trade, after the company said its board approved demerger of cement biz into UltraTech Cement through a share-swap deal.