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Kesoram to restructure businesses

Kesoram Industries, part of B K Birla group company has announced it had set up a three-member committee of directors to explore options to reorganise its businesses.Kesoram-Industries

The panel will have two directors of the committee were independent ones, the statement adds.

Kersoram is present in tyre, rayon and cement segments.

According to a source in Kesoram board there is no proposal to sell the tyre business, as the company was planning to raise Rs 1,000 crore through non-convertible debentures to strengthen its businesses.

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