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CementHigh impactPre-market

JSW Cement to merge with Shiva Cement; share swap ratio set

pre-market1 source ↓written by the desknot a recommendation

held by Shiva
5 shares for every 41

JSW Cement's board has approved a merger with its subsidiary, Shiva Cement, proposing a share exchange of 5 shares for every 41 held by Shiva Cement shareholders. The merger is subject to shareholder and regulatory approvals, with no cash consideration involved. This move will effectively dissolve Shiva Cement without winding it up.

The merger reflects JSW Cement's strategy to consolidate its holdings and streamline operations, which may enhance investor sentiment in the sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 30 Sept 2026, 07:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

JSWSTEEL closed −1.5% on the day of the news, from ₹1,272.40 to ₹1,253.40; Nifty −0.4% over the same session; futures OI +0.4%.

Bulletin at 07:02 IST on 30 Sept 2026. Every change is measured from ₹1,272.40, the last close before it, on 29 Sept. Nifty 50 is measured over the same sessions.

  • JSWSTEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
JSWSTEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it116212721383axis spans 19%before the news · 29 Sept1272Nifty 50JSWSTEELbulletinD0+123 Sept28 Sept1 OctFutures open interest, lotspeak 62,000Reference close ₹1,272.40. 7 sessions from 23 Sept to 1 Oct; the price axis spans 19 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before29 Sept₹1,272.40basebase
On the day30 Sept₹1,253.40▼ −1.5%▼ −0.4%−1.1 pp difference
+1 session1 Oct₹1,233.00▼ −3.1%▼ −1.3%−1.8 pp difference
+3 sessionsnot reached yet———
+5 sessionsnot reached yet———
Gap at the open, % · ₹
0.0%0.00 on 30 Sept
Day's range, % · ₹
1.8%≈ 23 high to low
Volume on the day
0.98×the 20-session average
Futures OI on the day
▲ +0.4%+260 lots · short build-up · price −1.5%
Futures OI open, lots
61,00030 Sept · 27 Oct expiry
Futures premium, ₹
+12.40+1.0% to spot
Puts per call, by OI
0.80from 0.65 the session before
Max pain
1,300from 1,300 the session before

Source NSE UDiFF bhavcopy · JSWSTEEL on the desk →

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