Dalmia Bharat said on Friday it is acquiring the cement business of Jaiprakash Associates from the Adani Group for an enterprise value of ₹2,850 crore. The cement-maker will acquire 5.2 million tonnes of cement capacity...
Cement
Dalmia Bharat seals Rs 2,850 crore deal for JAL cement assets after Adani insolvency takeover
Dalmia Cement (Bharat) Ltd on Friday said it has signed a deal to acquire key cement assets of Jaiprakash Associates Ltd (JAL) from the Adani Group-led insolvency resolution process for an enterprise value of Rs 2,850...
Only Ambuja in fray for Jaypee Cement, submits Rs 580 crore bid
Adani Group-backed Ambuja Cements has submitted a Rs 580-crore offer to acquire bankrupt Jaypee Cement Corporation. The only other bidder, My Home Group, exited the process after submitting Rs 300-crore bid, reports...
Brazil’s CSN to kick off binding phase of cement unit sale in a month, CFO says
Brazilian steelmaker CSN is set to start receiving binding offers for its cement unit in just a few weeks, the company’s chief financial officer told Reuters on Tuesday. “The binding phase should begin in...
Adani Enterprises gets NCLT nod for JAL takeover
The National Company Law Tribunal (NCLT) has approved the acquisition of Jaiprakash Associates Ltd (JAL) by Adani Enterprises, clearing the way for one of the most high-profile resolutions under India’s insolvency...
NCLT approves merger of Adani-led Ambuja Cements and Sanghi Industries
The proposed merger of Sanghi Industries with Adani-led Ambuja Cements received the National Company Law Tribunal’s green light on Monday. In an exchange filing, Ambuja Cements said the tribunal pronounced its...
Holcim acquires French precast concrete maker Alkern
Holcim on Tuesday said it had completed the purchase of French precast concrete maker Alkern, the latest acquisition by the Swiss building materials maker. Alkern, which employs 1,000 people and has more than 50...
Adani’s Ambuja Cements approves merger of ACC and Orient Cement; to create pan-India cement giant
Ambuja Cements Ltd, part of the Adani Group, on Monday said its board has approved separate schemes of amalgamation to merge ACC Ltd and Orient Cement Ltd into Ambuja, a move aimed at creating a single, consolidated...
Holcim makes biggest Latin American acquisition with deal for Peru’s Cementos Pacasmayo
Holcim has agreed to pay $550 million for a majority stake in Peruvian building materials maker Cementos Pacasmayo, it said on Tuesday, the Swiss company’s biggest ever acquisition in Latin America. Holcim is...
Birlas exit Kesoram Industries
B K Birla group company Kesoram Industries saw a churn in ownership on Friday as Frontier Warehousing Limited moved to acquire a controlling stake, marking the exit of the Birla family from the company after demerging...
Nuvoco Vistas to buy Vadraj Energy for Rs 200 crore to secure captive power
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...
