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Article: INDIA'S ULTRATECH TO CONSIDER MERGER PROPOSAL OF GRASIM CEMENT.

Article from:
AsiaPulse News
Article date:
October 6, 2009
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MUMBAI, Oct 6 Asia Pulse - Indian Aditya Birla group company UltraTech (BSE:532538) said Monday its board will meet tomorrow to consider a proposal from Samruddhi Cement to merge the cement business of group with itself.

The group, which had acquired UltraTech from engineering giant L&T in 2004, had planned to hive-off Grasim cement into Samruddhi, a wholly owned subsidiary of Grasim Industries. The demerged entity would be listed and then merged with UltraTech.

In a filing to the Bombay Stock Exchange UltraTech ...

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