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...
NCLT approves of Dalmia Cement to rescue Murli Industries but with conditions
The NCLT Mumbai bench has approved the Dalmia Cement (Bharat) offer for debt-laden Murli Industries, but has outlined certain changes to the plan that the winning bidder must make to prevent the company from going into...
LafargeHolcim sells Philippines business in $2.15 billion deal
LafargeHolcim has agreed to sell its Philippines operations in a deal valuing them at $2.15 billion, the world’s largest cement maker said on Thursday, as it continues to sell off units in fringe markets. The Swiss...
CCIL invites bid from investors for non-operating unit in MP’s Nayagaon
Cement Corporation of India Ltd (CCIL) has initiated the process of sale of one of its non-operating units Nayagaon Cement Factory and has invited bids from potential buyers. Entities, joint ventures or consortia with a...
Jaypee Infratech lenders extend deadline till February 15 for resolution plans
Financial creditors and home buyers of Jaypee Infratech have extended the deadline till February 15 for shortlisted bidders to submit proposals to revive the debt-ridden realty firm, according to a regulatory filing...
Binani Cement: Dalmia Bharat again knocks on Supreme Court’s door to seek judicial review
Rajputana Properties, a group company of Dalmia Bharat, has approached the Supreme Court, seeking review of the apex court’s judgment which had dismissed its plea challenging the National Company Law Appellate...
JK Cement launches QIP to raise ₹600 crore for capex
JK Cement Ltd on Monday launched a qualified institutional placement offering (QIP) to raise funds from institutional investors for its capital expenditure. A QIP is a capital-raising tool through which listed companies...
JSW Cement eyeing acquisition of stressed assets
JSW Cement, which is planning to raise capacity to 20 million tonne per annum by 2020, has said it is eyeing acquisition of stressed cement assets as part of its strategy to expand capacity and capitalise on growing...
