Kesoram Industries Ltd is focusing on a sustainable turnaround and expecting to conclude its second phase of restructuring process by inducting a strategic investor into it
B K Birla Group flagship Kesoram
Industries Ltd is focusing on a sustainable turnaround and expecting to conclude its second phase of restructuring process by inducting a strategic investor into it and finalising a debt resolution plan with bankers by the next month, a company official said on Wednesday.
The first phase of restructuring was the demerger of its tyre business from the company and taking it into a new entity, Birla Tyres Ltd, he said.
“We hope to conclude the ongoing restructuring by December. This in…
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