The Aditya Birla group, the country’s second largest cement maker, is looking at consolidating its cement business — currently being run by Grasim Industries and UltraTech Cement — following the exit...
Aditya Birla Chemicals merges with Grasim Industries
In a consolidation move between group companies, Aditya Birla Chemicals Limited (ABCIL) merged with Grasim Industries Limited. The merged consolidated Aditya Birla Group’s chlor-alkali business into Grasim and...
NCLT approves Aditya Birla group plan to merge NBFCs: Sources
Aditya Birla Group plans to consolidate its non-banking finance companies (NBFCs) to create better synergies and ensure optimal utilisation of resources and greater economies of scale, following approval by the National...
JK Cement arm acquires 60% stake paint firm Acro Paints Ltd
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...
Asian Paints’ new acquisitions unlikely to add colour to its business soon
Asian Paints announced the acquisition of two companies – one engaged in decorative lighting and another in fenestration. These are small acquisitions enabling the company’s foray into these two new segments...
October 2021
Issue Description Deal Update: Grasim Industries' Scheme of Arrangement under Income Tax Purview Demerger: Jasch Industries demerging Industrial Gauge division Cover Article: Re-organisation or Reduction of Capital...
Warburg Pincus sells its stake in Cleanmax to US company for Rs 1,650 crore
Global private equity fund Warburg Pincus has sold its stake in rooftop solar power producer Cleanmax Enviro Energy to Augment Infrastructure, a US investment firm. The deal, a mix of both primary and secondary capital...
Competition Commission approves Indo Gulf Fertilizers-Indorama deal
Competition Commission of India (CCI) on Thursday said it has cleared the proposed acquisition of Indo Gulf Fertilizers by Indorama India Private Ltd. Indo Gulf Fertilizers is a part of Grasim Industries Ltd. Indorama...
December 2020
Issue Description M&A: Triggers for M&A Restructuring: Shapoorji Pallonji Group to list Eureka Forbes Cover Article: GMR Divests Crown Jewel to safeguard loss-making businesses Slum Sale: Grasim Industries sells...
Aditya Birla Group won’t face fund or bid curbs if Vodafone Idea faces bankruptcy: Bankers
The Aditya Birla Group will not be denied bank funds or be barred from bidding for insolvent companies if Vodafone Idea were to default and enter bankruptcy proceedings as there were no corporate or promoter guarantees...
Advent, Birlas to pump Rs 1,000 crore each into Aditya Birla Capital
Two years after its listing, Aditya Birla Capital Limited (ABCL) raised Rs 1,000 crore from private equity fund Advent International as part of a larger Rs 2,100 crore capitalisation exercise that will also see an equal...
Advent looks to invest Rs 1,300 crore in Birla’s financial services business
US private equity group Advent is in advanced negotiations with Kumar Mangalam Birla to invest Rs 1,200-1,300 crore in his listed financial services holding company Aditya Birla Capital Ltd (ABCL) for a 6-7% stake, said...