Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a Rs 8,100-crore deal. According to...
Adani Cement takes over CK Birla’s Orient Cement in ₹8,100 cr deal
Adani Cement Tuesday announced the buyout of CK Birla Group’s Orient Cement at an equity value of ₹8,100 crore, intensifying the war for market share in a highly regionalised and freight-intensive building...
Ambuja to acquire Orient Cement at equity value of Rs 8,100 crore; to make open offer to acquire additional
Ambuja Cement on Tuesday announced that it will acquire 46.8% of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore with an aim of reaching 100 MTPA cement capacity in FY25 and improving its pan-India market...
Adani Group lays bricks to buy Heidelberg’s India cement unit
The Adani Group has begun talks to acquire the Indian cement operations of Germany’s Heidelberg Materials, according to people familiar with the matter. The proposed buyout of Heidelberg’s India unit will be...
Adani Group set to acquire 46.64% stake in ITD Cementation India for Rs 5,888.57 crore
The Adani Group has emerged as frontrunner in the race to acquire the promoter’s 46.64% stake in ITD Cementation India to bolster its in-house civil engineering capabilities, said people aware of the matter. At current...
Adani entity sells 2.76% in Ambuja Cement for Rs 4,251 crore
Billionaire Gautam Adani’s entity sold around 2.76% stake in Ambuja Cements on Friday through an open market transaction, raising Rs 4,251 crore. According to NSE bulk deal data, Holderind Investments, an Adani...
Adanis sell Rs 4,200 crore worth stake in Ambuja Cements, stock up 4%
Billionaire Gautam Adani-led conglomerate on Friday sold around 2.8% stake in Adani Group firm Ambuja Cements in a pre-market block deal valued at around Rs 4,200 crore. The cement stock, which is up about 22% so far in...
UltraTech Cement’s open offer for ICL to open on September 19
UltraTech Cement’s Rs 3,142 crore open offer for acquiring 26 per cent stake in India Cements Ltd (ICL) will tentatively open on September 19 and close on October 3. The Aditya Birla group flagship company has...
JSW joins the race to buy CK Birla’s flagship Orient Cement
Sajjan Jindal-led JSW Cement has begun evaluating acquisition of the promoter stake in Orient Cement Ltd (OCL) from CK Birla, said people aware of the development, amid a consolidation wave in the sector that’s seen the...
India Cements buy to bolster UltraTech’s hold over South
UltraTech Cement’s acquisition of a controlling stake in Chennai-headquartered India Cements will not only help in staying ahead in the highly competitive sector but also delay efforts of the Adani Group to catch...
Ultratech to buy 33% stake in India Cements
The Board of Directors of Birla group-owned UltraTech Cements approved the purchase of 32.72% equity stake of the promoters & their associates in India Cements Limited at a board meeting held today. ET first broke...
Kumar Birla re-enters race to buy Orient Cement to consolidate Ultratech’s Southern push
Kumar Mangalam Birla flagship UltraTech is in advanced negotiations with the promoter of Orient Cement Ltd (OCL), his uncle CK Birla, after restarting talks in recent weeks, amid intensifying consolidation efforts in...
