Nuvoco Vistas Corp, an eastern India cement producer that had bought LaFarge’s operating assets nine years ago, is buying Vadraj Energy (Gujarat) for Rs 200 crores from JSW Cement and Alpha Alternatives Holdings, the...
CCI clears two corporate deals in cement and offshore drilling
The Competition Commission of India on Tuesday cleared two separate transactions involving companies in the cement and offshore drilling sectors. The approvals cover a planned investment and share purchase arrangement...
JK Lakshmi Cement acquires 26% in Ampin C&I Power, commissions new grinding unit in Surat
JK Lakshmi Cement on Wednesday said that it has acquired a 26 per cent stake in Ampin C&I Power, which will enable it to source solar power under applicable captive power laws. The JK group firm is investing Rs 4...
CCI okays PNC Infratech’s proposal to acquire debt-ridden Jaiprakash Associates
Fair trade regulator CCI on Tuesday said it has given in-principle approval to PNC Infratech’s proposal to acquire debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding...
NCLAT sets aside plea against Nuvoco Vistas bid for Vadraj Cement
Appellate tribunal NCLAT has dismissed the plea against the acquisition of Vadraj Cement by Nirma Group’s cement business Nuvoco Vistas Corporation during an insolvency resolution process. The Delhi-based...
UltraTech Cement to sell up to 6.5% stake in India Cements
UltraTech Cement is set to offload 6.49% stake in its unit India Cements via an open market offer for sale, the Committee of Directors and Officers approved on Wednesday. Aditya Birla-owned UltraTech Cement, which took...
CCI okays Dalmia Bharat’s proposal to acquire Jaiprakash Associates
The Competition Commission of India (CCI) has cleared Dalmia Bharat’s proposal to acquire a 100% stake in Jaiprakash Associates (JAL). The proposed combination follows a resolution process of JAL under the bankruptcy...
Chettinad Cement, JK Lakshmi in race to acquire Deccan Cements
JK Lakshmi Cement and Chettinad Cement are bidding to acquire Telangana-based Deccan Cements, people aware of the talks told ET, as a state-driven infrastructure boom in neighbouring Andhra fuels demand for regional...
NCLT approves merger of Adani Cementation with Ambuja Cements
The National Company Law Tribunal (NCLT) has approved the merger of Adani Cementation with Ambuja Cements, which will help to consolidate Adani Group’s cement business under one unit and bring synergistic benefits...
Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion
Nirma Group’s Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement. The money was...
India Cements to sell its subsidiary Industrial Chemicals
India Cements Ltd (ICL), owned by the Aditya Birla group, on Saturday said it will sell its subsidiary Industrial Chemicals and Monomers to Mirai Sensing. The board of the company has approved the sale with a...
Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion
Nirma Group’s Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement. The money was...
