Frontier Warehousing takes Kesoram control for ₹53 cr; Birla family exits.

• Kesoram Industries will undergo an ownership change as Frontier Warehousing acquires a 42.8% stake for ₹53 crore, ending the Birla family's association.
• This acquisition follows Kesoram's transfer of its cement business to UltraTech Cement earlier this year.
• Frontier Warehousing will also make an open offer to acquire an additional 26% of Kesoram's shares at ₹5.48 each.
• Post-restructuring, Kesoram will focus exclusively on its non-cement businesses, including rayon, transparent paper, and chemicals, operated via Cygnet Industries.

Why It Matters: Kesoram Industries' ownership change ends Birla control, redefining its business future.