Kesoram Industries- Ultratech -May be an Arbitrage Opportunity ?

 The Scheme;-

https://www.kesocorp.com/DOCS/pdf/fin/scheme-of-arrangement-2023/scheme-of-arrangement.pdf

  For every 52 shares of Kesoram Industries ,1 share of Ultra Tech Cement would be allotted

 https://www.business-standard.com/companies/news/ultratech-cement-receives-cci-s-approval-to-acquire-kesoram-cement-124031901040_1.html 

https://www.ultratechcement.com/corporate/media/press-releases/demerger-of-cement-business-of-kesoram-industries-limited-into-ultratech-cement-limited 

CMP of Ultra Tech Cement is Rs. 11,000 .  Ultra Tech Cement entitlement , per 1 Kesoram Inds share, is Rs.211.

CMP of Kesoram Inds - around Rs 200

The residual Kesoram Inds  share would continue to remain listed . Kesoram would continue to be traded , even if at a much lower   rate than its current market price,

 Kesoram Inds would continue with its Rayon business . It may also be having valuable real estate / offices , especially in Kolkata .

https://www.kesocorp.com/DOCS/home.php

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PLEASE DO ONLY A FURTHER SELF STUDY SELF ENQUIRY

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Disclosure : The Blog writer in his / family names has  holdings in this Company. So please make suitable " provisions " for any likely Over Optimism

NB :All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer