2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mangalam Cement Ltd.
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Century Textile and Industries
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Ultratech Cement
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Kesoram Industries Ltd.
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Detailed explanation-1: -Synopsis. The B K Birla group company decided to demerge its tyre vertical into a separate entity-Birla Tyres Ltd-to create and unlock value for both the businesses.
Detailed explanation-2: -The proposed demerger scheme will require sanction from NCLT-Kolkata and other authorities. The demerger will be in the ratio of 1:1; that is, for each share of Kesoram held, shareholders will get one fully paid-up equity share of ₹10 each of Birla Tyres Ltd.
Detailed explanation-3: -Over time, the group’s main companies were Kesoram Industries, Century Textiles and Industries, Century Enka, Mangalam Cement, and ECE Industries. His close team of executives cite multiple examples of his business acumen.
Detailed explanation-4: -JK Tyre completes acquisition of BK Birla’s tyre business at ₹2, 200 cr.
Detailed explanation-5: -History. Birla Tyres was first established in 1991, as part of Kesoram Industries Limited.