India Cements to issue 1 share for 5 held in Visaka

India Cements to issue 1 share for 5 held in Visaka
Published: 28 February 2007

India Cements Ltd.  said on Wednesday its board approved the merger of its associate, Visaka Cement Industry Ltd., with itself. India Cements will issue one share for every five shares held in Visaka Cement, the company said in statement.