Swiss multinational cement giant LafargeHolcim has got fair trade regulator CCI’s go-ahead for a new divestment plant for its India business including three cement plants and two grinding stations. The proposed...
Lafarge Holcim Merger Complete
After long deliberations, cement-makers France-based Lafarge and Switzerland-based Holcim decided on new financial terms and leadership to pull through the merger plan as it was almost on the verge of collapse. First...
Holcim Partial Exit—Innovative Structure
The cement industry is literally the building block of a nation. A country’s cement output is considered one of the primary indicators of its level of economic development. In a recent development Holcim, one of the...
Adani group increase its stake in Ambuja Cements to 70.3% by converting warrants
The Adani Group has increased its stake in Ambuja Cements by 3.6%, bringing it to 70.3%, through the conversion of warrants into equity. The company announced on Wednesday that the Adani family, promoters, has fully...
Adani cements its Ambuja stake with₹6,661 cr infusion
The Adani family has infused ₹6,661 crore into Ambuja Cements, raising its stake by 3.6% to 66.7%. This is the second fund infusion since late-2022 when the promoter had invested ₹5,000 crore into the company through...
ACC buys remaining 55% in Asian Concretes at Rs 775 cr enterprise value
ACC Ltd has acquired the remaining 55% stake in Asian Concretes and Cement at an enterprise value of 775 crore rupees. With this buyout, the company will add 2.8 million to its existing production capacity, taking it to...
Orient promoter CK Birla taps Adani for cement business sale
Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in listed Orient Cement after rejecting initial offers from other domestic players for failing to meet his valuation demand, people aware of...
JSW in initial talks to cement deal with Germany’s Heidelberg Materials for its India business
JSW Cement, the building-materials business of steelmaker JSW Group, is in initial talks with Germany’s Heidelberg Materials to acquire the latter’s 13.4 million-tonne-a-year cement businesses in India...
Ambuja-ACC and JK Lakshmi Cement lead race for Sanghi Cement acquisition
Adani group-owned Ambuja-ACC and JK Lakshmi Cement are currently leading the race to acquire Ahmedabad-based Sanghi Cement, which is up for sale with an estimated enterprise value of Rs 6,000 crore according to a report...
Adani group’s Ambuja-ACC, JK Lakshmi lead race to acquire Sanghi Cement
Adani group-owned Ambuja-ACC and JK Lakshmi Cement are ahead in the race to acquire Ahmedabad-based Sanghi Cement which is being sold for an estimated enterprise value of Rs 6,000 crore, people familiar with the matter...
Gautam Adani to sell stake in cement business for $450mn to reduce debt: Report
Gautam Adani, the chairperson of the Adani Group, is planning to sell stake in the cement business for $450 million with aim to reduce debt, reported Financial Times. Adani is looking to sell 4-5 per cent stake in...
India sees record M&As in 2022 at $152 billion
India saw a record level of mergers and acquisitions in 2022, as companies sought to consolidate positions, and enter new segments, leading to some of the largest-ever transactions in sectors such as banking, cement and...