India’s Ambuja Cements has reached a deal to acquire a majority stake in operations of Sanghi Industries, two sources with direct knowledge said, a transaction that will add heft to cement operations of...
Ambuja-ACC and JK Lakshmi Cement lead race for Sanghi Cement acquisition
Adani group-owned Ambuja-ACC and JK Lakshmi Cement are currently leading the race to acquire Ahmedabad-based Sanghi Cement, which is up for sale with an estimated enterprise value of Rs 6,000 crore according to a report...
Adani group’s Ambuja-ACC, JK Lakshmi lead race to acquire Sanghi Cement
Adani group-owned Ambuja-ACC and JK Lakshmi Cement are ahead in the race to acquire Ahmedabad-based Sanghi Cement which is being sold for an estimated enterprise value of Rs 6,000 crore, people familiar with the matter...
Shree Cement in talks for stake in Sanghi Cement
Bangur family-owned Shree Cement is in non-binding talks to acquire between 40% and 72% stake in Sanghi Cement for an enterprise value (EV) of ₹6,000 crore, according to multiple sources briefed on the matter...
CCI clears acquisition of certain assets of Jaiprakash Associates by Dalmia Cement(Bharat)
The Competition Commission of India on Wednesday approved the acquisition of certain assets of Jaiprakash Associates Ltd and its associate by Dalmia Cement (Bharat) Ltd. The proposed combination relating to acquisition...
Sagar Cements to acquire Andhra Cements
Sagar Cements has been declared as the successful bidder for debt-ridden Andhra Cements, a company which was owned by the Jaypee Group and is under the Corporate Insolvency Resolution Process. The Committee of Creditors...
JK Cement buys controlling stake in Acro Paints for Rs 153 crore
JK Cement has acquired a controlling stake in Acro Paints through a wholly owned subsidiary for Rs. 153 crore, according to a press statement from the company. The acquisition has been carried out through JK Paints and...
Holcim divests business in Russia
Holcim said it would exit Russia, adding that the business there would then operate independently under a different brand. Holcim sold its Russian unit to the local management team, it added. The sale will have no...
Dalmia Bharat to acquire Jaypee Group’s cement assets for Rs 5,666 crore
The Jaypee Group on Monday said that a binding agreement had been signed to sell the group’s cement business to Dalmia Cement (Bharat) Ltd at an enterprise value of Rs 5,666 crore. The binding agreement has been signed...
Jaiprakash Associates board meet to sell cement units on Monday
Jaypee group’s Jaiprakash Associates has called a board meeting on Monday to take a decision to sell its Nilgrie cement unit in Madhya Pradesh. Dalmia Cement is a frontrunner in the race to acquire the company...
India cements sells Springway Mining stake to JSW cement
Cement manufacturer India Cements on Monday told the exchanges that it has sold its entire stake in Springway Mining, which is building a cement plant in Madhya Pradesh, to JSW Cement Limited for a total consideration...
J-K administration approves disinvestment of JKCL
The union territory administration on Sunday approved the disinvestment of Jammu and Kashmir Cements Limited (JKCL) as the company was not able to sustain and manage its finances properly, an official spokesman said...
