Mysore Cements allots shares to Heidelberg

Mysore Cements allots shares to Heidelberg
Published: 24 August 2006

S K Birla group company, Mysore Cements Ltd, today said it has restructured its board and has allotted 6.65 crore additional fully paid-up equity shares to Cementrum IBV, a subsidiary of German cement and building materials giant Heidelberg Cement.

As per the restructuring, S K Birla would continue to be the Chairman of the Board and Siddharth Birla would continue as a director. Bernd Seheifele (chairman of the managing board of Heidelberg Cement), Ir. Daniel Gauthier and Lorenz Nager member of the managing board of Heidelberg Cement and Ashish Guha (country head, India, for Heidelberg Cement) were appointed as directors of the company today.