Announced Tue, 29 Sept, 2026 · 19:25 IST
Shiva Cement board approves merger into JSW Cement, swap ratio 5:41
SHIVACEM · price
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Price reaction · full curve 14 horizons · vs prior close
-10.3%1-day move
₹14.90
prior close
₹14.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.5-1.7-7.0-4.6-10.3-15.4-11.6-12.8-12.2—————
Up moveDown movePending
AI summary
Shiva Cement board on Sep 29, 2026 approved merging into parent JSW Cement, which holds 66.23% of SCL. Share swap: 5 JSW Cement shares (INR 10 face value) for every 41 Shiva Cement shares (INR 2 face value). Appointed date April 1, 2026. Subject to shareholder and NCLT approvals. SCL will cease to exist post-merger. Aims for synergies, backward integration of clinker, and simplified structure.
Likely market impact
SCL shareholders become JSW Cement shareholders at a fixed swap ratio. SCL ceases to exist. Awaits NCLT and shareholder approvals.