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The Economic Times
The Economic Times

Shiva Cement to merge with JSW Cement; board approves 5:41 swap ratio

JSW Cement

New Delhi: Shiva Cement will merge with JSW Cement Ltd, part of Sajjan Jindal-led JSW Group, a move that will create a "single unified cement platform" and unlock operational, financial and management synergies. Shiva Cement is the listed subsidiary of JSW Cement.

The board of JSW Cement has approved a scheme of arrangement, including the amalgamation of Shiva Cement with and into JSW Cement, the company said in a late-night filing on Tuesday.

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