A second panel saw panellists throw light on how they are developing a rigorous M&A (mergers and acquisitions) strategy while also touching upon finer details like how different a beast digital M&A is compared...
Why India Inc is on an M&A spree, preferring inorganic growth to investing in fresh projects and capacities
VS Parthasarathy, group chief financial officer of auto and farm equipment maker Mahindra & Mahindra (M&M), recalls a conversation with a supplier a few years back that was one of the inspirations behind MSquare...
Ambuja Cement gains nearly 6% on reports of merger with ACC
Ambuja Cements gained as much as 5.8% to Rs 242.65 during intra-day on reports of LafargeHolcim mulling merger of ACC and Ambuja Cements. ACC also rose over 5% to Rs 1,500 on the reports despite its consolidated net...
Dalmia Group goes for major overhaul
DALMIA Group is on a massive business restructuring exercise. The group companies proposed three schemes one after the another which involved merger, reverse merger slump sale and slump exchange and reduction and...
Shree Cement in bid to buy Shiva Cement
Mumbai: Shree Cement Ltd has submitted a preliminary offer to buy a majority stake in Odisha-based Shiva Cement Ltd, two people aware of the development said. “The promoters of Shiva Cement have been in exit mode for a...
Orient cement’s acquisition Jaypee Group’s cement assets
The estimated size of Indian Cement Industry is 410-420 million tonnes. Over the last 3 years, the Indian cement industry has seen 47 million tonnes of capacity change hands for an EV of more than Rs.36,000 Crore. The...
M&A activity up 125% with deals worth $32.5 billion
Mergers and acquisitions (M&A) in India more than doubled in terms of value during the nine months ended 30 September, helped mainly by large deals, with the third quarter recording the highest deal values, shows a...
Detergent major Nirma raises Rs 4,000 crore debt to fund Lafarge deal
MUMBAI: Detergent major NirmaBSE 0.06 %, which in July had agreed to buy the cement business of the French major Lafarge India, today raised Rs 4,000 crore debt to fund the deal, making it the largest rupee bond sale...
Ambuja-HIPL merger effective from today: ACC
NEW DELHI: Cement maker ACCBSE 0.91 % today said the merger of Ambuja CementsBSE 0.91 % and Holcim (India) Pvt Ltd (HIPL) will be effective from today. “Scheme of Amalgamation between Ambuja Cements and HIPL and...
Government allows Ambuja Cement to acquire 24% stake in holding firm
NEW DELHI: Government today cleared the proposal of Ambuja CementsBSE 1.77 % to acquire 24 per cent stake in its holding firm Holcim India, a move that will allow its parent Swiss giant LafargeHolcim to strengthen India...
Nirma cements $1.4-bn Lafarge India buyout
Nirma, the Ahmedabad-based detergent and soap maker, on Monday announced its acquisition of Lafarge India’s 11-million-tonne (mt) cement business for $1.4 billion (about Rs 9,478 crore), including debt. The valuation is...
U.S. requires HeidelbergCement, Italcementi to divest U.S. assets
German cement producer HeidelbergCement AG (HEIG.DE) and Italian producer Italcementi SpA (ITAI.MI) have agreed to divest some U.S. assets to settle the Federal Trade Commission’s charge that their proposed $4.2...