Stocks

What to watch: Century Textiles to turn ex-date for de-merger

| Updated on October 10, 2019 Published on October 10, 2019

The shares of Century Textiles & Industries will turn ex-date on Friday for the proposed de-merger. The company will hive off its cement division and merge it with UltraTech Cement. Century Textiles shareholders will get one share of UltraTech for every eight held. UltraTech will get three integrated units of Century Textiles in Madhya Pradesh, Chhattisgarh and Maharashtra (total capacity of 11.4 million tonnes per annum) and a 2-mtpa grinding unit in West Bengal.

 

Published on October 10, 2019
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