The event follows the demerger of Kesoram’s cement enterprise into UltraTech Cement in FY25, leaving the corporate targeted on rayon, clear paper and chemical compounds.
Storage and logistics options firm Frontier Warehousing on Thursday proposed launching an open supply to amass as much as a 26 per cent stake in Kesoram Industries, a BK Birla Group firm, at a value of ₹5.48 per share, aggregating to a complete consideration of ₹44.22 crore.
The proposed open supply triggered as Kolkata-based Frontier Warehousing has entered right into a share buy settlement (SPA) with sure members of promoters/promoter group, together with Aditya Birla Actual Property, Pilani Funding and Industries Company, Manav Funding and Buying and selling Co, and Birla Group Holdings, to amass 13,29,69,279 fairness shares of Kesoram Industries, having face worth of ₹10 every totally paid-up, representing 42.80 per cent of the voting share capital at a value of ₹4 per fairness share.
“Frontier Warehousing Restricted (Acquirer) has triggered this Open Provide…for acquisition of as much as 8,07,72,600 fairness shares having face worth of 10 every, totally paid-up, representing 26.00 per cent of the Voting Share Capital of Kesoram Industries Restricted at a value of ₹5.48 (Goal Firm) aggregating to a complete consideration of 44,26,33,848.00 payable in money,” Kesoram mentioned in a inventory alternate submitting.
On Thursday, Kesoram scrip ended the day at Rs 5.44 apiece on BSE, up 1.3 per cent from the earlier shut.
UltraTech Cement, the flagship Aditya Birla Group firm, in February introduced a 1:52 share swap ratio for the acquisition of Kesoram Industries. As per the scheme of association, one UltraTech Cement share was issued for each 52 shares held by fairness shareholders of Kesoram Industries. The scheme was efficient March 1, 2025.
Accordingly, over the past monetary 12 months, Kesoram accomplished the demerger of its Cement enterprise, which was transferred to UltraTech Cement (UTCL) underneath a composite scheme of association between it and UTCL, with the appointed date being April 1, 2024.
“Following the demerger, the corporate ceased standalone manufacturing operations and continued to concentrate on the remaining enterprise together with enterprise operations of Rayon, Clear Paper & Chemical compounds underneath its wholly-owned subsidiary, Cygnet Industries Restricted,” Kesoram Industries mentioned in its newest annual report.
Revealed on December 4, 2025
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