GENERAL30 Sept 2026
JSW Cement plans Shiva Cement merger to create unified cement platform
JSW Cement plans to merge Shiva Cement into itself to create one unified cement platform. Under the plan, JSW Cement will give five shares of ₹10 face value for every 41 Shiva Cement shares of ₹2 face value held by public shareholders. The deal should finish in 12 to 14 months. If you hold Shiva Cement shares, wait for the official paperwork.
Key Statutory Highlights
- JSW Cement will issue five equity shares of face value ₹10 each for every 41 equity shares of face value ₹2 each held in Shiva Cement.
- The share swap applies to Shiva Cement shares held by public shareholders.
- The proposed merger is expected to be completed within 12 to 14 months.
Actionable Advice for Taxpayers / Founders:If you hold Shiva Cement shares, keep your demat and shareholding records handy and wait for the official scheme documents before acting. It may help to ask a CA how this share swap could affect your tax position.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: