Frontier Warehousing Limited signed a Share Purchase Agreement to acquire 42.80% stake in Kesoram Industries Limited from group of shareholders for approximately INR 530 million.

Frontier Warehousing Limited signed a Share Purchase Agreement to acquire 42.80% stake in Kesoram Industries Limited (NSEI:KESORAMIND) from group of shareholders for approximately INR 530 million on December 4, 2025. Under the terms of the acquisition, INR 4 in cash per share will be paid by Frontier Warehousing Limited. In a separate agreement, Frontier Warehousing Limited proposed to acquire 26% stake in Kesoram Industries Limited.

Upon completion, Manav Investment & Trading Company Limited, Pilani Investment and Industries Corporation Limited, Aditya Birla Real Estate Limited, Birla Education Trust, Birla Educational Institution, Birla Group Holdings Private Limited, Birla Institute Of Technology & Science Company, Prakash Educational Society and Padmavati Investment Ltd. will no longer hold any stake in Kesoram Industries Limited.