KOLKATA: OCL IndiaBSE 1.34 %, a subsidiary of Dalmia Cement Bharat, has approached authorities to merge Dalmia Cement East with itself for consolidating operations in the eastern part of the country. While OCL India is...
U.S. requires HeidelbergCement, Italcementi to divest U.S. assets
German cement producer HeidelbergCement AG (HEIG.DE) and Italian producer Italcementi SpA (ITAI.MI) have agreed to divest some U.S. assets to settle the Federal Trade Commission’s charge that their proposed $4.2...
JK Cement – Updates on Scheme of Amalgamation
JK Cement Ltd has informed BSE that Hon’ble High Court of Judicature at Allahabad on August 04, 2009 has formally sanctioned the scheme of amalgamation of Jaykaycem Ltd. (Wholly owned subsidiary) with the Company...
AVB group may unite Grasim and UltraTech
The Aditya Birla group, the country’s second largest cement maker, is looking at consolidating its cement business — currently being run by Grasim Industries and UltraTech Cement — following the exit...
L&T exits UltraTech
Larsen and Toubro (L&T) has offloaded its entire 11.49 per cent stake in UltraTech Cement for about Rs 1,037 crore and the fund will be used for the capital expenditure and investment in new initiatives. L&T has...
&T makes Rs 1,037 cr by exiting UltraTech
Engineering and construction major Larsen and Toubro has made a little over Rs 1,000 crore profit through sale of its residual stake in UltraTech Cement. L&T on Thursday sold 14.3 million UltraTech shares...
Finally, L&T calls it quits with UltraTech
Larsen & Toubro (L&T) is close to pulling out of Aditya Birla Group firm UltraTech Cement by selling its entire 11.5% stake, bringing the curtains down on a six-year-old acrimonious relationship. A person close...
AB Group may not buy L&T’s stake in UltraTech
Aditya Birla Group is unlikely to buy Larsen & Toubro’s (L&T) 11.5% stake in its subsidiary UltraTech Cement, as it does not want to launch the mandatory open offer, which, if successful, would scale up...
UltraTech buys Jaypee cement units for Rs 15,900 cr
UltraTech Cement, a part of the Aditya Birla group, agreed to buy Jaiprakash Associates’ 21.2 million tonnes per annum (mtpa) cement capacity for Rs 15,900 crore on Thursday. While the deal will take...
Lafarge India begins Rs 10,000-cr sell-off
Lafarge India begins its sale process this week after receiving approval from the Competition Commission of India. The French cement giant has appointed Arpwood Capital and Citi as investment bankers to sell the entire...
Cement Deal-Making Wave Is Over, HeidelbergCement Chief Says
A wave of consolidation among European cement makers is over, according to HeidelbergCement AG Chief Executive Officer Bernd Scheifele. “There won’t be any big movements,†he said at a press conference in...
KKR Mauritius Cement Investments buys 8.5% in Dalmia Bharat.
KKR Mauritius Cement Investments Ltd has acquired 8.5 per cent stake in Dalmia Bharat Ltd. The development soon follows Dalmia Bharat getting fair trade regulator CCI’s approval to acquire 15 per cent stake in its...
