Fibre-cement maker James Hardie Industries agreed to buy U.S. artificial decking maker AZEK for $8.75 billion including debt, seizing on a downturn in the American home building market to expand its offer beyond...
NCLT approves merger of Dalmia Cement’s North East arm with Vinay Cement
Dalmia Bharat Limited on Thursday said that the National Company Law Tribunal (NCLT), Guwahati Bench, has approved a Scheme of Arrangement involving Dalmia Cement (North East) Limited and Vinay Cement Limited. The...
NCLAT issues notice to Ambuja Cements over Alok Sanghi’s insolvency plea
The NCLAT has issued a notice to Adani Group entity Ambuja Cements over a plea filed by Alok Sanghi, former promoter of Sanghi Industries, which was acquired by Ambuja in 2023. Passing an interim order on Tuesday, the...
CCI approves Ambuja Cements’ acquisition of Orient Cement
India’s antitrust watchdog, approved Ambuja Cements’ acquisition of India Cements on Tuesday, months after the Adani Group company first announced the deal. Ambuja Cements, India’s second-largest...
JK Cement’s Saifco buy largest private investment in J&K, says Madhav Singhania, joint MD and CEO
JK Cement’s acquisition of Srinagar-based cement maker Saifco Cement is the first major venture by a national player in Jammu and Kashmir’s cement sector, according to Madhav Singhania, joint MD and CEO of...
UltraTech in advanced talks to acquire HeidelbergCement in Rs 3,381 cr deal
UltraTech Cement, a flagship company of the Aditya Birla Group and India’s largest cement manufacturer in terms of capacity, is reportedly in advanced discussions to acquire the Indian operations of HeidelbergCement...
JK Cement enters joint venture with Kashmir’s Saifco Cement
JK Cement has entered a joint venture with J&K’s Saifco Cement through which it will expand its offerings in the region where infrastructure development is a priority, as per a press release from the company. JK...
Nirma Group company outbids Ambuja in insolvency sale of Vadraj Cement
Nirma Group-backed Nuvoco Vistas offered ₹1,800 crore to acquire Vadraj Cement, outbidding Adani Group at an auction under the court-monitored corporate insolvency process, said people aware of the matter. JSW Group, JK...
Nuvoco Vistas to acquire Vadraj Cement through insolvency route
Nuvoco Vistas Corp, a key producer of cement in East India, has emerged as the successful applicant to buy Vadraj Cement under the Corporate Insolvency Resolution Process. Gujarat-based Vadraj Cement, formerly owned by...
UltraTech Cement to enter Northeast with Star trek
UltraTech Cement on Friday said it is acquiring an 8.69% stake in Meghalaya-based Star Cement from the promoter group for ₹851 crore, a strategic deal that will help India’s largest cement producer gain a foothold...
UltraTech Cement to buy 8.69% stake in Star Cement for Rs 851 crore
UltraTech Cement’s board has approved acquiring approximately 8.69% stake in Star Cement for a value not exceeding Rs 851 crore, the company said in an exchange filing. The nod for the acquisition comes close on...
UltraTech Cement completes acquisition of 32.72% stake in India Cements
UltraTech Cement completed the acquisition of 32.72% stake in India Cements, an exchange filing by the company said on December 24. As per the statement, UltraTech completed the acquisition of 10,13,91,231 equity shares...
