https://www.taxtmi.com/news?id=63795 Frontier Warehousing will acquire 13,29,69,279 shares from Birla-controlled promoters at Rs 4 per share (42.8% of voting capital) and has launched an open offer for 8.07 crore shares (26%) at Rs 5.48 per share, effecting a change in control and completing the Birla family's exit; this follows Kesoram's prior demerger of its cement business to UltraTech Cement under a 1:52 share swap, after which Kesoram operates mainly through its wholly owned subsidiary, Cygnet Industries. en-us Fri, 05 Dec 2025 19:01:03 +0530 Fri, 05 Dec 2025 19:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=63795 Frontier Warehousing will acquire 13,29,69,279 shares from Birla-controlled promoters at Rs 4 per share (42.8% of voting capital) and has launched an open offer for 8.07 crore shares (26%) at Rs 5.48 per share, effecting a change in control and completing the Birla family's exit; this follows Kesoram's prior demerger of its cement business to UltraTech Cement under a 1:52 share swap, after which Kesoram operates mainly through its wholly owned subsidiary, Cygnet Industries. News - Fri, 05 Dec 2025 19:01:03 +0530 https://www.taxtmi.com/news?id=63795