Ultratech Cement’s acquisition of 22.4 MT cement assets of J P Associates is a prudent step in the direction of preparing the groundwork of securing readymade cement capacity and benefit amply once the cement...
Bombay High Court rejects UltraTech Cement’s plan to buy JP Associates’ plants in MP>
Fifteen months after India’s largest cement company by capacity UltraTech Cement had agreed to buy JP Associates’ two cement assets in Madhya Pradesh, the Bombay High Court has rejected the scheme of...
Jaypee sells cement biz to UltraTech for Rs 16,500 cr
In one of the biggest transactions in the cement industry, the debt-laden Jaypee group signed a binding agreement on Sunday to sell its cement business, with a capacity of 18.4 million tonnes per annum (mtpa), to the...
KKR, UltraTech & Dalmia in race to buy Jaypee’s cement business in Rs 18,000-crore Deal
US buyout firm KKR and India’s largest cement maker, Ultra-Tech, are in the race to acquire the cement division of Jaiprakash Associates, two people familiar with the matter said. Besides these two, Dalmia Bharat...
Partners spar in Dalmia arm ahead of KKR exit
A bitter dispute over Assam-based cement assets between two old business families, the Dalmias and Bawris, could have expedited the exit of private equity giant KKR from Dalmia (Cements) Bharat (DCBL). The tussle...
LafargeHolcim gets CCI go-ahead for India divestment plan.
Swiss multinational cement giant LafargeHolcim has got fair trade regulator CCI’s go-ahead for a new divestment plant for its India business including three cement plants and two grinding stations. The proposed...
Reliance Cement buyout to raise capacity to 15million tonnes per annum: Birla Corp.
Birla Corporation today said the acquisition of Reliance Infra’s cement business in a Rs 4,800 crore deal will increase its total capacity by to 15.5 million tonnes per annum from 10 MTPA at present. Birla...
Sagar Cements in talks to buy Jaypee Group’s Andhra Cements>
Sagar Cements, a southern cement player, is in advanced talks to buy Jaypee Group-promoted Andhra Cements, ET learns from two sources. JSW Cement is another potential contender, said these sources. The enterprise value...
UltraTech Cement, backed by Indian billionaire Kumar Mangalam Birla, may buy a controlling stake in ARM Cement of Kenya, a Nairobi-based newspaper reported. ARM announced December 23 it’s in talks with an unidentified institutional investor about a $125 million investment. Chief Executive Officer Pradeep Paunrana declined to comment Tuesday when Bloomberg called him, citing regulatory compliance. Pragnya Ram, a spokeswoman for the Aditya Birla Group that controls UltraTech, didn’t immediately respond to an e-mail and a text message seeking comment.
UltraTech Cement, backed by Indian billionaire Kumar Mangalam Birla, may buy a controlling stake in ARM Cement of Kenya, a Nairobi-based newspaper reported. ARM announced December 23 it’s in talks with an...
Jaiprakash to sell Jaypee Bhilai plant stake to Shree Cement
NEW DELHI: In an attempt to service its Rs 40,000-crore debt, engineering and cement manufacturer Jaiprakash Associates (JAL) has signed an agreement with Shree CementBSE -3.26 % to divest its stake in the 2.1-million...
8 new bidders for R-Infra cement biz
After Aditya Birla Group’s UltraTech Cement, eight more bidders have joined the race to buy Reliance Infrastructure (RInfra)’s cement business. These are Carlyle, Blackstone, Baring, Cemex, JK Cement, Birla...
