Shiva Cement Limited (BSE:532323) announced that the Board Meeting of Directors will be held on January 10, 2017 to consider proposal of a Cement Company for purchasing Promoter's shares in Shiva Cement and thereby enabling them to invest and expand Plant capacity of Shiva Cement. While, Shiva Cement did not name the company which has proposed acquisition, Shree Cement Limited (BSE:500387) and JSW Cement Limited were said to be in fray to acquire the shares. However, the latter has denied of having any such plans.