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Shiva Cement to merge with JSW Cement · Endata

◂ Announcements

Sep 30, 2026ACQUISITIONIndia

Shiva Cement to merge with JSW Cement

JSW Cement's board approved the amalgamation of Shiva Cement into JSW Cement with a swap ratio of 5:41. The merger aims to create a unified cement platform and is expected to complete within 12-14 months.

Status

Announced

Productscementclinker

CompaniesJSW Cement acquirer Shiva Cement target

Sectors#Construction Materials

“The proposed merger is a strategic step towards creating a more integrated and efficient business.”economictimes.indiatimes.com

4 sources
economictimes.indiatimes.comShiva Cement to merger with JSW Cement; board approves 5:41 swap ratio - The Economic TimesSep 30, 2026
cwgrp.comJSW Cement moves to merge Shiva Cement in India | CemWeekCw PortalOct 7, 2026
cemnet.comJSW Cement announces merger with Shiva Cement | CemNetMuriel BalOct 8, 2026
cemnet.comMerger news and insights | CemNetOct 21, 2026

Summarized from public sources; check the original articles before acting on it.

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