JSW Cement approves merger with Shiva Cement; shareholders to get 5 shares for every 41

JSW Cement Ltd on Tuesday (September 29) said its board has approved a scheme of arrangement to merge listed subsidiary Shiva Cement Ltd with the company, with JSW Cement proposing to issue five equity shares for every 41 shares held by Shiva Cement shareholders other than JSW Cement.The scheme, ap…