Kesoram Industries Ltd (KIL) has proposed to merge with its wholly-owned subsidiary - Bharat General & Textiles Ltd (BG&TL) - to enhance its net worth by around Rs 37 crore. Mr S K Parik, senior president (finance and taxation) and secretary, said after the board meeting: "BG&TL is a profit-making and cash-rich company. The proposed merger would facilitate asset transfer to KIL." The current operation of BG&TL will be discontinued after the proposed merger.