Kesoram Industries awaits SEBI nod for demerger of tyre business

Kesoram Industries Limited, a BK Birla group company, is expecting to get the SEBI approval of the proposed demerger of its tyre business by February this year, a company official said. He said the entire demerger process was likely to be completed by July-end. The official said stock exchanges had given in-principle clearance.

"We are waiting for SEBI's approval. Then we will approach the NCLT", he said. Kesoram was having three business units - cement, tyre and rayon.