External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

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<li>Deal Details: UltraTech will acquire the demerged Cement buisness of Kesoram Industries ltd in all stock deal consists of 2 integrated cement units at Sedam (Karnataka) and Basantnagar (Telangana) with a total installed capacity of 10.75 mtpa, Clinker capacity of 6.3 mtpa and 0.66 mtpa packing plant at Solapur, Maharashtra.</li>
<li>The turnover of the Cement business of the demerged company as on 31st March, 2023, was Rs. 3,517 Cr and forms 99.54% of the total turnover of the Demerged Company.</li>
<li>UltraTech will issue 5.97 mn equity share (1 fully paid-up equity share of Rs. 10each of the company for every 52 fully paid-up equity shares of Rs. 10 each of the demerged company held by equity shareholder, on a proportionate basis).</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


Deal Details: UltraTech will acquire the demerged Cement buisness of Kesoram Industries ltd in all stock deal consists of 2 integrated cement units at Sedam (Karnataka) and Basantnagar (Telangana) with a total installed capacity of 10.75 mtpa, Clinker capacity of 6.3 mtpa and 0.66 mtpa packing plant at Solapur, Maharashtra.
The turnover of the Cement business of the demerged company as on 31st March, 2023, was Rs. 3,517 Cr and forms 99.54% of the total turnover of the Demerged Company.
UltraTech will issue 5.97 mn equity share (1 fully paid-up equity share of Rs. 10each of the company for every 52 fully paid-up equity shares of Rs. 10 each of the demerged company held by equity shareholder, on a proportionate basis).

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

UltraTech Cement Ltd - Kesoram Deal To Strengthen Southern Footprint & Enhance Market Share.

Ultratech Cement

UltraTech Cement Ltd - Kesoram Deal To Strengthen Southern Footprint & Enhance Market Share.