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...
Adani to launch open offer to acquire stake in ACC, Ambuja Cement on Aug 26
The Adani Group is likely to launch next week an open offer worth Rs 31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim’s two Indian listed entities Ambuja Cements and ACC, from public...
Competition Commission approves Adani Group’s acquisition of ACC, Ambuja
The Competition Commission of India (CCI) on Friday said that it had approved the Adani Group’s acquisition of Ambuja Cements and ACC from Switzerland’s Holcim. The two companies were acquired in a $10.5-billion (Rs...
Adani-Holcim deal and the legacy Vodafone tax issue
The Holcim-Adani deal could be the first high profile merger and acquisition deal that will face the test of India’s amended indirect transfer of shares regulations, especially in connection with the country’s double...
After $10.5-bn deal, Adani makes open offer for Ambuja and ACC stake
A day after announcing a $10.5-billion (about Rs 81,000-crore) deal to acquire Holcim’s stake in Ambuja Cements and its subsidiary ACC, the Adani family on Monday made open offers to the public shareholders of the...
Gautam Adani’s biggest M&A: Acquires Ambuja Cement, ACC from Holcim for $10.5 bn
Billionaire businessman Gautam Adani has won Holcim’s listed cement assets in India, ACC and Ambuja for a little over $10 billion, the company announced on Sunday. Post regulatory approval for the deal, it stands to...
Ambuja, ACC sale: UltraTech likely to bid, secures legal view
Armed with a favourable legal opinion and regulatory precedence under the Competition Act, Aditya Birla Group is likely to bid for Holcim’s India assets – Ambuja Cements and ACC Ltd, said people in the know...
Holcim deal talks with Adani, JSW enter last leg
The Holcim Group, the world’s largest cement maker, has begun negotiating a detailed share purchase agreement (SPA) with two Indian contenders – the Adani Group and the JSW Group – as the near $10 billion sale of listed...
