 "Aditya Birla group to raise stake in Kesoram to 50%")
Kesoram Industries has locked in upper circuit of 10% at Rs 102 on the BSE on back of heavy volumes.
The trading volumes on the counter jumped nearly three-fold with around 522,000 shares changed hands till 03:02 PM. There were pending buy orders for 283,577 shares on the BSE.
According to Business Standard report, Kesoram Industries, the B K Birla group company today sold its investments in listed companies worth Rs 400 crore to Birla group holding company, Pilani Investments. The move is part of an attempt to reduce its debt worth Rs 4,000 crore and improve cash flows. CLICK HERE TO READ FULL REPORT.
The trading volumes on the counter jumped nearly three-fold with around 522,000 shares changed hands till 03:02 PM. There were pending buy orders for 283,577 shares on the BSE.
According to Business Standard report, Kesoram Industries, the B K Birla group company today sold its investments in listed companies worth Rs 400 crore to Birla group holding company, Pilani Investments. The move is part of an attempt to reduce its debt worth Rs 4,000 crore and improve cash flows. CLICK HERE TO READ FULL REPORT.
