Archive · 5 Dec 2025
Frontier Warehousing to Acquire 26% in Kesoram Industries
Frontier Warehousing, a storage and logistics company, wants to buy 26% of Kesoram Industries, a company in the BK Birla Group.
They will pay ₹5.48 for each share, which is about ₹44.22 crore in total.
This comes after Frontier Warehousing already agreed to buy 42.80% of Kesoram Industries from some of its promoters for ₹4 per share.
Kesoram Industries recently stopped making cement and is now focusing on other businesses like rayon and chemicals.
UltraTech Cement, part of the Aditya Birla Group, is also involved in a share swap deal with Kesoram Industries.
Frontier Warehousing proposes to acquire 26% stake in Kesoram Industries at ₹5.48 per share.
Total consideration for the open offer is ₹44.22 crore.
Frontier Warehousing has already agreed to buy 42.80% stake from promoters at ₹4 per share.
Kesoram Industries completed the demerger of its cement business to UltraTech Cement.
Kesoram Industries will focus on rayon, transparent paper, and chemicals through its subsidiary, Cygnet Industries.
- Who
- Frontier Warehousing, Kesoram Industries, UltraTech Cement
- What
- Acquisition of 26% stake in Kesoram Industries
- When
- Proposed open offer, effective March 1, 2025 for UltraTech Cement acquisition
- Where
- India (Kolkata-based Frontier Warehousing)
- Why
- Strategic investment and business restructuring
- Company
- Frontier Warehousing
- Target Company
- Kesoram Industries
- Stake
- 26%
- Share Price
- ₹5.48
- Total Consideration
- ₹44.22 crore
- Promoters Involved
- Aditya Birla Real Estate, Pilani Investment, Manav Investment, Birla Group Holdings
- Kesoram Share Price
- ₹6.52 (BSE)
- UltraTech Cement Share Swap
- 1:52 ratio
Sources
Frontier Warehousing launches open offer to acquire 26% stake in Kesoram Industries at ₹5.48 a share
Kesoram Industries set for ownership change as Frontier Warehousing buys 42.8% for ₹53 crore
