UltraTech Cement on Wednesday announced its decision to acquire 26 per cent stake in renewable energy company, AMPIN C&I Power Eight, for Rs 25.5 crore. “The company has entered into Energy Supply Agreement...
Nuvoco Vistas gets NCLT nod to acquire Vadraj Cement
The Mumbai bench of the National Company Law Tribunal has approved Vadraj Cement’s acquisition by Nirma group-owned listed cement maker Nuvoco Vistas Corp Ltd. Gujarat-based Vadraj Cement, formerly owned by ABG...
UltraTech to acquire wall putty maker Wonder WallCare
UltraTech Cement will acquire Wonder WallCare, a manufacturer of wall putty, for an enterprise value not exceeding Rs 235 crore as part of its aggressive expansion strategy. This acquisition will enhance the portfolio...
Ambuja Cements gets Delhi HC notice on stamp duty row in Holcim merger
The Delhi high court has issued a notice to Adani Group’s Ambuja Cements on a plea by the Delhi stamp duty department, which seeks to recover ₹218.87 crore in stamp duty and ₹69 crore in penalties for its merger with...
James Hardie offers $8.8 billion for US building products maker AZEK
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...
