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...
Adani Unit, ArcelorMittal, JSW in race to buy Vadraj Cement
An Adani group entity, Sajjan Jindal-owned JSW Cement, and ArcelorMittal Group are likely contenders to buy Vadraj Cement, an ABG Shipyard group company that will be sold under the Insolvency and Bankruptcy Code...
Orient promoter CK Birla taps Adani for cement business sale
Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in listed Orient Cement after rejecting initial offers from other domestic players for failing to meet his valuation demand, people aware of...
JSW in initial talks to cement deal with Germany’s Heidelberg Materials for its India business
JSW Cement, the building-materials business of steelmaker JSW Group, is in initial talks with Germany’s Heidelberg Materials to acquire the latter’s 13.4 million-tonne-a-year cement businesses in India...
Dalmia Bharat’s deal to buy Jaypee’s cement assets hits a legal hurdle
Dalmia Bharat’s acquisition of Jaiprakash Associates’ cement assets for ₹5,666 crore has hit a legal hurdle due to a shareholder dispute at one of the joint-venture plants that was to be acquired as part of...
Adani’s Ambuja-ACC reaches agreement to buy Sanghi Cements
Adani group’s Ambuja-ACC has reached an agreement to acquire Sanghi Cements after deal negotiations moved forward over the course of the past one week and the Adani group companies proposed better acquisition terms and...
