Larsen and Toubro (L&T) has offloaded its entire 11.49 per cent stake in UltraTech Cement for about Rs 1,037 crore and the fund will be used for the capital expenditure and investment in new initiatives. L&T has...
&T makes Rs 1,037 cr by exiting UltraTech
Engineering and construction major Larsen and Toubro has made a little over Rs 1,000 crore profit through sale of its residual stake in UltraTech Cement. L&T on Thursday sold 14.3 million UltraTech shares...
Finally, L&T calls it quits with UltraTech
Larsen & Toubro (L&T) is close to pulling out of Aditya Birla Group firm UltraTech Cement by selling its entire 11.5% stake, bringing the curtains down on a six-year-old acrimonious relationship. A person close...
AB Group may not buy L&T’s stake in UltraTech
Aditya Birla Group is unlikely to buy Larsen & Toubro’s (L&T) 11.5% stake in its subsidiary UltraTech Cement, as it does not want to launch the mandatory open offer, which, if successful, would scale up...
UltraTech buys Jaypee cement units for Rs 15,900 cr
UltraTech Cement, a part of the Aditya Birla group, agreed to buy Jaiprakash Associates’ 21.2 million tonnes per annum (mtpa) cement capacity for Rs 15,900 crore on Thursday. While the deal will take...
Aditya Birla Group Strengthens Retail Business
In the corporate sector, consolidation is finally gaining momentum as many companies are bringing their businesses under one umbrella. In line with the trend, Aditya Birla group’s Aditya Birla Nuvo Limited (ABNL) has...