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...
Adani-owned Ambuja Cements to acquire majority stake in Sanghi Industries: Sources
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...
