| <p>Shiva Cement Ltd. has announced a scheme of amalgamation with JSW Cement Ltd., involving a share exchange ratio of 5 equity shares for every 41 held. The move aims to create synergies in business, optimize raw material procurement, enhance shareholder value, and simplify the corporate structure. Post-amalgamation, Shiva Cement will cease to exist, and the amalgamation adjustment deficit account will be adjusted against JSW Cement’s securities premium account. JSW Cement’s shareholding pattern will see a slight adjustment, with the promoter group holding 71.39% and public shareholding at 27.67%.</p> |