Radhakishan S Damani family, the promoters of retail chain D-Mart, has increased shareholding in India Cements Ltd by 15.16 per cent as of March 2020. Radhakishan S Damani and his brother Gopikishan S Damani now...
DMart owner hikes stake in India Cements to 19.9%, stock zooms 13%
Radhakishan S Damani, promoter of DMart chain of supermarkets, along with Gopikishan S Damani, has increased the stake in India Cements to 19.89 per cent as of the end of March quarter. Damani’s stake in the cement...
Deal to sell cement biz to Nirma has not fallen, says Emami
The Emami group on Thursday said a Rs 5,500-crore deal to sell its cement business to the Nirma group is subject to approval from the Competition Commission of India (CCI) and other third parties, quelling speculations...
LafargeHolcim to keep Philippines business after San Miguel deal collapses
LafargeHolcim has decided to keep its $2.15 billion Philippines business after a deal to sell the operation collapsed, the world’s biggest cement maker said on Monday. The agreement to sell four cement plants and one...
Damani family increases stake in India Cements from 11.98% to 16%
Damani family, one of the richest families in India, has further increased their stake in India Cements Ltd from 11.98 per cent to 16 per cent through open market transactions till March 16, 2020. On February 26, India...
Emami Group signs binding pact with Nuvoco Vistas for selling 100% stake in Emami Cement
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...
