December 5, 2018 / 4:27 AM / 6 months ago

BUZZ-India's Kesoram Industries falls; co to spin off tyre business

** Shares of Kesoram Industries Ltd fall as much as 7.9 pct to 89.60 rupees, their biggest intraday pct loss since Oct 8

** The co engaged in cement and automobile tyre business said on Tuesday it will spin off its tyre business into a resulting co Birla Tyre Ltd

** More than 1.4 mln shares change hands, vs the 30-day moving avg of 784,399 shares

** Stock down 29.55 pct this year as of last close

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