Kesoram expects to complete tyre business demerger by July
"It will hopefully complete by end of July. Stock exchanges have given in-principle clearance and now it has been before the Securities and Exchange Board of India (SEBI) for clearance. SEBI's in principle clearance of the demerger should be expected by end of February.
When asked about this, sources said: "We are still looking for a partner and nothing has been finalised. The proposed demerger is in the line of inducting a partner." Reuters