Birla Tyres Limited was incorporated as a Public Limited Company on 22nd November, 2018. The Company markets its automobile tyres under the brand name Birla Tyres and is engaged in manufacturing and trading of tyres.The Board of Kesoram Industries Limited (the Demerged Entity), to reorganize its operating Businesses has proposed a spin off of the Tyre Business through the demerger route into a new Company, Birla Tyres Limited (the Resultant Entity) to commence business effective from 1st January, 2019. The Scheme of Arrangement was filed before the National Company Law Tribunal (NCLT), Kolkata bench for demerger, where a Tyres Division of Kesoram Industries Limited was transferred to Company (Birla Tyres Limited) vide NCLT Order dated 8th November 2019. The Certified Copy of the Order was filed by Company with RoC, on 4th December 2019, being the Effective date. Consequently, in terms of Scheme of Arrangement, the Tyre Business was transferred and vested from Kesoram Industries Limited on Effective date with the appointed date, being 1st January, 2019. Further with receipt of in-principle and trading approvals of Stock Exchanges the shares of Birla Tyres Limited got listed on BSE and NSE with effect from 10th February, 2020.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.