Aditya Birla Group firm UltraTech Cement on Monday said it has made an offer to acquire a 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This would be done by...
Adani group increase its stake in Ambuja Cements to 70.3% by converting warrants
The Adani Group has increased its stake in Ambuja Cements by 3.6%, bringing it to 70.3%, through the conversion of warrants into equity. The company announced on Wednesday that the Adani family, promoters, has fully...
Adani’s Ambuja Cements to buy My Home Group’s grinding unit in TN for Rs 413.75 crore
Ambuja Cements on Monday said it will acquire My Home Group’s cement grinding unit at Tuticorin in Tamil Nadu for a total value of Rs 413.75 crore. The company — a part of the Adani Group — has signed...
Adani cements its Ambuja stake with₹6,661 cr infusion
The Adani family has infused ₹6,661 crore into Ambuja Cements, raising its stake by 3.6% to 66.7%. This is the second fund infusion since late-2022 when the promoter had invested ₹5,000 crore into the company through...
CCI approves Ultratech’s acquisition of Kesoram’s cement unit
The Competition Commission of India (CCI) has approved UltraTech’s acquisition of the cement business of Kesoram Industries and also the purchase of a certain stake of Shriram Investment Holdings Private Ltd by Shriram...
Shree Cement inks pact with StarCrete to acquire 5 RMC plants for Rs 33.50 cr
Shree Cement Limited has signed an asset purchase agreement with StarCrete LLP to acquire five operational RMC plants for Rs 33.50 crore. The company, in a statement, said with this asset purchase, it has announced its...
NCLT admits Vadraj Cement for insolvency process
Vadraj Cement, which was stuck in liquidation for more than five years under the Bombay High Court, has been shifted to the National Company Law Tribunal (NCLT) for debt resolution, giving lenders a glimmer of hope to...
ACC buys remaining 55% in Asian Concretes at Rs 775 cr enterprise value
ACC Ltd has acquired the remaining 55% stake in Asian Concretes and Cement at an enterprise value of 775 crore rupees. With this buyout, the company will add 2.8 million to its existing production capacity, taking it to...
Adani-owned ACC acquires Asian Concretes and Cements at enterprise value of Rs 775 crore
Adani-owned ACC Limited on Monday announced that it has completed the acquisition of Asian Concretes and Cements Private Limited, having bought the remaining 55 percent stake – valued at Rs 425.96 crores –...
Ambuja Cements completes buyout of Sanghi Industries
Adani Group-owned Ambuja Cements has completed the acquisition of Sanghi Industries for an enterprise value of ₹5,185 crore, boosting the port-to-data centre conglomerate’s total cement production capacity to...
UltraTech to buy Kesoram’s cement unit
Aditya Birla Group’s UltraTech will acquire the cement business of the BK Birla Group’s Kesoram Industries in an all-stock deal at an estimated enterprise value of around ₹7,600 crore, which includes debt...
UltraTech Cement acquires cement grinding assets of Burnpur Cement for Rs 169.79 cr
Aditya Birla group firm UltraTech Cement Ltd said it has acquired the cement grinding assets of Burnpur Cement Ltd in Jharkhand for Rs 169.79 crore. The company has acquired 0.54 mtpa cement grinding assets of Burnpur...
