Kesoram Industries

Rajesh Bhosale of Angel One picks 2 stocks to buy for upside on Dec 16

Stocks to Buy for upside: We can see a Cup and Handle breakout in Bharti Airtel share price, further strengthening the bullish outlook

Kesoram's cement business demerger may be completed by December 2024

The cement business accounted for the bulk of Kesoram's revenue from operations. According to the FY24 annual report, revenue from cement was Rs 3,736.10 crore

Manjushree Khaitan, 69-year-old Kesoram Industries chair, passes away

The tyre business was demerged some years back and acquired by Himadri Speciality Chemical and Dalmia Bharat Refractories under a corporate insolvency resolution

UltraTech hits new high, nears Rs 10,000-mark; stock up 6% in two days

A sharp surge in the stock price has seen the market capitalisation of this Aditya Brila Group firm near the Rs 3 trillion mark, BSE data shows.

Stocks to Watch today: Flair Writing, UltraTech, Kesoram, Honasa, Whirlpool

Stocks to watch on Friday, December 01, 2023: Flair Writing to debut today. UltraTech and Kesoram in focus post all-stock merger deal.

UltraTech to buy Kesoram Industries' cement business in all-stock deal

UltraTech said Kesoram had decided to demerge its cement business and approached UltraTech Cement in relation to it

Stock of this B K Birla group company has zoomed 75% in four weeks

Kesoram Industries hit a 52-week high of Rs 129.43, gaining 5 per cent, on report that UltraTech Cement has expressed interest in acquiring cement assets of the company

Kesoram working on a two-pronged strategy to return to black in 18 months

In FY23, Kesoram posted a net loss of Rs 115.67 crore on a standalone basis

Kesoram Industries to raise high-cost funds via FDs; to offer 12.25% rate

To offer 12.25% rate; plans to use proceeds for working capital, pare debt

Stocks to Watch: Escorts, IRCTC, Rajesh Exports, VodaIdea, Lodha, NBFCs

NBFCs may be in focus today on reports of 17 per cent YoY growth in sanctioned loans in Q2FY22

Kesoram may offer discount in proposed rights offer to reward shareholders

B K Birla Group company Kesoram Industries is likely to offer a hefty discount of 30 per cent or more from market price in proposed upcoming rights offer to reward shareholders, company sources said.

Kesoram scraps preferential allotment, plans rights issue

The decision was taken in deference to the views and intent expressed by a cross section of shareholders

Kesoram's Rs 2063 cr debt raising via NCDs and OCDs at stiff coupon rates

The company informed bourses that it has also raised Rs 1,603 crore via NCDs with maturity in February 2026, and optionally convertible debentures amounting to Rs 459 crore

Kesoram Industries hopes to conclude restructuring process by Dec

Kesoram Industries Ltd is focusing on a sustainable turnaround and expecting to conclude its second phase of restructuring process by inducting a strategic investor into it

Eldeco Housing and Industries Q2 net profit up 96% at Rs 16 crore

Eldeco Housing and Industries Ltd on Friday reported a 96 per cent increase in its net profit at Rs 15.78 crore for the quarter ended September.

Kesoram board okays fund raising up to Rs 2,000 cr to replace existing debt

The funds could be raised by way of equity, or debt including NCDs, preference shares and also rights issue or preferential allotment or a combination

Kesoram prioritises tyre factory before concluding partnership

The funding for this project will be from internal accruals with inter-company deposits likely to be the preferred instrument of choice.

Profit from cement biz helps Kesoram bring down losses to Rs 10 cr

Loss from Kesoram Industries' tyre business widened to Rs 22.61 crore

Manjushree Khaitan to take over as chairman of Kesoram Industries

Manjushree Khaitan named as chairman of the company after her father Basant Kumar Birla passed away earlier this month

Kesoram Industries to enter passenger car tyre market by September

Initially, the Birla Tyre passenger car tyres will be available only at metro locations and then scaled up gradually across its 1,700 dealers and 135 distributors