
Birla enters wires biz after Kesoram buy
KOLKATA: Aditya Birla Group flagship UltraTech Cement has announced a share swap ratio of 1:52 for the acquisition of Kesoram Industries from BK Birla Group. Additionally, it announced an entry into the wires and cables business with an investment of Rs 1,800 crore. The acquisition scheme, effective from March 1, will entail an issuance of…