MUMBAI / KOLKATA: Birla Corporation on Monday said it has completed an acquisition of Anil Ambani’s cement business, a wholly-owned arm of flagship Reliance Infrastructure, for an enterprise valuation of about Rs...
HeidelbergCement sells U.S. assets for $660 million before takeover
German cement and aggregates producer HeidelbergCement has agreed to sell assets in the United States to fulfill anti-trust requirements for its takeover of Italian rival Italcementi (ITAI.MI), the company said on...
Ambuja-HIPL merger effective from today: ACC
NEW DELHI: Cement maker ACCBSE 0.91 % today said the merger of Ambuja CementsBSE 0.91 % and Holcim (India) Pvt Ltd (HIPL) will be effective from today. “Scheme of Amalgamation between Ambuja Cements and HIPL and...
Merger will give capital to high-growth biz: Kumar Mangalam Birla
The Aditya Birla group on Thursday announced the merger of its two holding companies, Aditya Birla Nuvo and Grasim, to make the holding structure clearer, ensure stable cash flows and unlock value in its financial...
Ten things to know about AB Nuvo and Grasim Industries merger
NEW DELHI: In a massive rejig, Aditya Birla NuvoBSE -18.40 % has been merged into Grasim IndustriesBSE -1.34 % to unlock value. “The merger will unlock value for shareholders,” said Kumar Mangalam Birla...
Government allows Ambuja Cement to acquire 24% stake in holding firm
NEW DELHI: Government today cleared the proposal of Ambuja CementsBSE 1.77 % to acquire 24 per cent stake in its holding firm Holcim India, a move that will allow its parent Swiss giant LafargeHolcim to strengthen India...
UltraTech’s acquisition of JP Cement plants in a year: Kumar Birla
MUMBAI: Aditya Birla Group-owned UltraTechBSE 0.89 %’s is expected to complete its acquisition of Jaiprakash Associates’ cement plants within the next one year, group chairman Kumar Mangalam Birla said at...
Nirma cements $1.4-bn Lafarge India buyout
Nirma, the Ahmedabad-based detergent and soap maker, on Monday announced its acquisition of Lafarge India’s 11-million-tonne (mt) cement business for $1.4 billion (about Rs 9,478 crore), including debt. The valuation is...
Birla Corp shareholders raise concerns over Reliance Cement takeover
Scepticism over the Rs 4,800-crore acquisition of Reliance Cement shrouded Birla Corporation’s annual general meeting as shareholders raised questions about the feasibility of the deal as well as its financing. For over...
Jaypee salvages UltraTech cement deal, loses control of Jaiprakash Associates
Mumbai: In an important board meeting on Monday, the promoters of the debt-strapped Jaypee Group managed to salvage a deal that involved the sale of the conglomerate’s cement assets to UltraTech Cement Ltd, but lost...
UltraTech’s Rs15,900 crore Jaypee cement deal hits a hurdle
Mumbai: UltraTech Cement Ltd’s Rs.15,900 crore deal to buy the cement assets of debt-laden Jaiprakash Associates Ltd has run into a snag over the latter’s failure to meet some commitments linked to the transaction, said...
Sagar Cements gains acquisition plan of grinding unit of Toshali Cements
Sagar Cements has rallied 6% to Rs 710 on the BSE after the company on Wednesday announced the complete acquisition of grinding unit owned by M/s Toshali Cements for Rs 60 crore. “The board has accorded it’s in...
