By Grasim Industry Samruddhi Cement is the fully owned subsidiary, Samruddhi Cement will now merge with Ultra Tech Cement making Ultra Tech Cement in India the largest Cement Company and in the world 10th largest cement manufacturer. 4 shares of Ultra Tech cement will be given to the Samruddhi Cement share holders at face value 10 for every 7 shares of face value 5.
At 510.75 Samruddhi Cement the emerged Grasim Cement Subsidiary is listing in the stock market on its debut. It will become the major Indian Cement Industry after merge with Ultra Tech Cement. By the merge ACC, JAYPEE Cement, Ambuja Cement etc…Cement Majors valuation will also be affected in the market.
In the next few month by investors for long term investment Samruddhi Cement Stock will be watched.
