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...
UltraTech’s India Cement buy gets CCI nod
The Competition Commission of India has approved UltraTech Cement’s proposed acquisition of South-based India Cements, it said in a release on Friday. UltraTech is the largest producer of cement in the country...
Adani Cement to merge Sanghi & Penna units with Ambuja Cements
Adani Cement Tuesday said it will merge Sanghi Industries and Penna Cement Industries with flagship Ambuja Cements, consolidating the recently acquired companies under a single entity. Shareholders will get a dozen...
UltraTech receives CCI notice over proposed acquisition of India Cements
Leading cement maker UltraTech Cement has received a notice from the fair trade regulator CCI over its proposed acquisition of the South-based India Cements Ltd. UltraTech Cement, in a regulatory filing, said it has...
Star Cement denies reports of acquisition talks with Adani Group
Star Cement on Wednesday dismissed reports suggesting that Adani Group’s Ambuja Cement is evaluating a potential acquisition of the company to expand its presence in the North East. The company labeled the claims as...
Holcim to sell Lafarge Africa stake to Huaxin Cement in $1 billion deal
Swiss cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China’s Huaxin Cement in a $1 billion deal, it said on Sunday. The deal aligns with...
Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement
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...
