Dalmia Bharat, India’s second-oldest cement company, is set to acquire Patna-based Kalyanpur CementBSE -4.98 % after lenders approved a debt resolution plan aimed at reviving the entity that used to employ more...
Gajanan Oil cries foul on Murli bid, to move NCLT
Gajanan Oil, number two in the race to acquire debt-laden Murli IndustriesBSE -4.51 %, has moved NCLT to challenge the resolution professional’s decision in favour of Dalmia Bharat, citing a last-minute change in...
3 promoters of Star Cement sell 3.34% stake worth Rs182 crore
Star Cement Ltd’s three promoters on Thursday sold 3.34% stake in the firm for Rs182 crore, through open market transactions. According to the bulk deal data available with NSE, the three promoters are Sanjay Agarwal...
JSW highest bidder for Binani Cement
Sajjan Jindal’s JSW Group has emerged as the highest bidder for Binani CementBSE 0.06 %, exceeding submissions from billionaire Rakesh Jhunjhunwala and UltraTechBSE -1.14 %, said three people familiar with the...
Shree Cement’s UAE acquisition: less than what meets the eye
The Shree Cement Ltd stock took a beating on Friday, correcting more than 3%. In the December quarter, the firm’s cement volumes grew moderately; realizations were weak and its power and fuel costs continued to surge...
Shree Cement to buy 93% stake in UAE-based Union Cement for $305 million
Shree Cement Ltd on Thursday said it had agreed to acquire a 92.83% stake in Union Cement Co. PSC, a United Arab Emirates-based firm, for an enterprise value of $305.24 million (Rs1,945 crore). Shree Cement has the...
Dalmia Bharat joins hands with Piramal Bain fund to bid for Binani
Dalmia Bharat Cement, India’s second-oldest manufacturer of the primary building material, has entered into an agreement with the Piramal Bain Resurgence Fund to bid for debt-laden Binani Cement LtdBSE 0.06 %, two...
Dalmia Bharat submits binding bid for Murli Industries, seeks 80% haircut
Puneet Dalmia-controlled Dalmia Bharat group has submitted a binding offer to acquire Nagpur-based Murli Industries Ltd, which is currently facing bankruptcy proceedings in the National Company Law Tribunal (NCLT), two...
Piramal Group in race to buy stakes in Binani Cement, Electrosteel Steels
The cash-rich Piramal Group is in the race to buy controlling stakes in Binani Cement and Electrosteel Steels after their lenders asked India’s top conglomerates to bid for distressed assets that have been referred to...
Building materials firm CRH to buy Ash Grove Cement in $3.5 billion deal
Irish building materials firm CRH Plc said it would buy U.S. cement maker Ash Grove Cement Co in a $3.5 billion deal to expand in North America. Ash Grove said it estimated to be valued in the range of about $449 to...
Jaypee plans to raise Rs 2,000 crore, to sell Bhilai Jaypee Cement
Debt-ridden Jaiprakash AssociatesBSE 3.14 % today said its proposed sale of entire 74 per cent stake in Bhilai Jaypee Cement Ltd for an enterprise value of Rs 1,450 crore is expected to be concluded by year-end and...
Ramco Cements to invest over Rs 1,000 crore
Tamil Nadu-based cement manufacturer Ramco Cements is planning to invest around Rs 1,095 crore in various projects, including expansion of its satellite grinding unit capacity, said a senior management official. The...
