Emami Group on Thursday announced that it has entered into a binding agreement with Nuvoco Vistas Corporation Limited, part of Nirma Group, for selling of its 100% equity stake in Emami Cement Limited for an enterprise...
Dalmia Cement subsidiary Calcom and GuarantCo settle claims amicably
Dalmia Cement (Bharat) subsidiary, Calcom, and GuarantCo, a financial creditor, have settled all claims and counter claims amicably, a statement from Dalmia Bharat Group said. The settlement also includes claims/...
Nirma in talks with Apollo Global Management, Bain for Emami Cement bid
Nirma is considering partnering either Apollo Global Management or Bain Capital to bid for the cement unit of Indian conglomerate Emami Group, according to people with knowledge of the matter. Nuvoco Vistas Corporation...
Dalmia Cement to appeal to NCLAT to save its subsidiary Calcom
Dalmia Bharat Cement is planning to appeal to the National Company Law Appellate Tribunal (NCLAT) to turn down the order of the Guwahati Bench of National Company Law Tribunal (NCLT) which ordered the commencement of...
Nuvoco emerges front-runner to buy Emami Cement business for up to Rs 6,000 cr
Nuvoco Vistas, the Nirma Group’s cement division, has emerged as the frontrunner to acquire the Emami Group’s nine million tonne per annum cement business for Rs 5,500-6,000 crore enterprise value to consolidate its...
Bidding for Emami Cement to commence mid-Jan, Ultratech ahead in race
Bidding for the acquisition of Emami Cement is likely to commence by mid-January with the Aditya Birla Group’s UltraTech Cement leading the race at an offer price of Rs 6,500-7,000 crore in an all-cash deal, sources...
UltraTech leads the race to buy Emami Group’s cement business
UltraTech Cement Ltd, India’s largest producer of the building material, has emerged as the front-runner to buy the cement business of Emami Group in an all-cash deal worth ₹6,500-7,000 crore, according to three people...
UltraTech to sell its stake in Bangladesh-based units to HeidelbergCement
UltraTech Cement Ltd on Tuesday said it will sell its entire stake in Bangladesh– based Emirates Cement Bangladesh Ltd (ECBL) and Emirates Power Company Ltd (EPCL) to Germany’s HeidelbergCement for an...
Blackstone, KKR join race for India’s Emami Cement
Blackstone Group Inc. and a rival consortium led by KKR & Co. are considering bids for the cement unit of Indian cosmetics to paper conglomerate Emami Group, according to people with knowledge of the matter. TPG...
Dalmia Bharat puts in bid for Emami’s cement business
Puneet Dalmia-led Dalmia Cement (Bharat) has put in a bid to acquire the Rs 6,000-crore cement business of Emami. Though Dalmia Group held initial talks with private equity funds such as CPPIB (Canada Pension Plan...
Ultratech to complete Century Cement merger by September: Kumar Mangalam Birla
Ultratech Cement chairman Kumar Mangalam Birla on Thursday said the company will complete merger of Century Cement during the course of the second quarter of the current fiscal, which will take its capacity to 117.35...
Ambuja looks to expand cement capacities with buys in RMCs, aggregates
LafargeHolcim-controlled Ambuja Cement is looking to acquire capacities in ready-mix concrete (RMC) and aggregates businesses to fuel growth. The company is also on the look out for adding cement capacities, if the...
