JK Cement on Friday said that its subsidiary has acquired paint manufacturer and construction chemicals company Acro Paints Limited. JK Cement’s wholly owned subsidiary JK Paints & Coatings Limited has...
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...
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...
Adani enters the cement sector through the acquisition of Ambuja Cement Limited and ACC Limited
In a move to broaden its business verticals, Adani Group announced acquisition of entire equity stake held by Holcim Group in Ambuja Cement Limited and ACC Limited. This marked foray of Adani Group into the cement...
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...
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...
DALMIA CEMENT BHARAT merging the revived cement business of Murli Industries and Dalmia DSP
Dalmia Cement (Bharat) Limited (DCBL), one of the prominent players in the cement manufacturing industry and wholly owned subsidiary (WoS) of Dalmia Bharat Limited has obtained the approval of the National Company Law...
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...
Holcim Group Weighs Offers For Cement Biz
The board of Swiss cement maker Holcim Group is set to meet next week to decide on the sale of its Indian cement businesses—Ambuja Cements Ltd and ACC Ltd—for which Adani Group, JSW Group and UltraTech Cement are in...
JSW taps Carlyle to back bid for Holcim’s Indian cement operations
Sajjan Jindal-led JSW Group has initiated discussions with private equity (PE) firm Carlyle to join forces and back its bid for Holcim’s Indian cement operations, said people aware of the matter. Holcim Group, the...
Holcim Considers Sale Of India’s $9.6 Billion Ambuja Cements
Holcim Ltd., the world’s biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements Ltd., according to people familiar with the matter. The Swiss giant is gauging interest in...