NEW DELHI: Inter-ministerial body FIPB said that Vodafone had sought approval for the proposed acquisition of the entire share capital (100 per cent) of You Broadband India Limited. However, the Board headed by Economic...
Cementing a deal
Cementing a deal Holcim’s moves are perfectly timed Holcim’s move to increase its stake in Gujarat Ambuja Cements Ltd (GACL) by acquiring another 3.7% speaks of the aggression with which the Zurich-based...
Sekhsaria-Neotia sell 3.7% in Gujarat Ambuja for Rs 690 crore
Sekhsaria-Neotia sell 3.7% in Gujarat Ambuja for Rs 690 crore To capitalise on the fast-growing cement industry in India, the world’s second largest cement maker, Holcim of Switzerland, on Thursday hiked its stake...
HeidelbergCement may buy 20% in Gujarat Sidhee
HeidelbergCement may buy 20% in Gujarat Sidhee German cement major HeidelbergCement is close to picking up a 15-20% stake in the Mehta group-promoted Gujarat Sidhee Cement. The two companies have been in talks for some...
Tax and legal due diligence of target company is key
Tax and legal due diligence of target company is key D. Murali Any M&A in India has to be carefully planned and executed, cutting through a wide spectrum of tax and regulatory issues. When companies go through...
AVB group may unite Grasim and UltraTech
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...
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...
CCI asks PVR to sell some assets to clinch deal with DT Cinemas
The Competition Commission of India (CCI) has asked PVR Cinemas to first divest some of its assets if it wants to acquire DT Cinemas, which is real estate major DLF’s cinema exhibition business. The decision...
Lafarge India begins Rs 10,000-cr sell-off
Lafarge India begins its sale process this week after receiving approval from the Competition Commission of India. The French cement giant has appointed Arpwood Capital and Citi as investment bankers to sell the entire...
Cement Deal-Making Wave Is Over, HeidelbergCement Chief Says
A wave of consolidation among European cement makers is over, according to HeidelbergCement AG Chief Executive Officer Bernd Scheifele. “There won’t be any big movements,†he said at a press conference in...
Non-Core Exit for Reliance, Opportunity for Birla
Reliance Infra Cement Divestment in Birla Today the cement industry is going through a consolidation phase with large Indian cement players vying for smaller ones and foreign cement majors acquiring controlling stake in...
CRH enters race to buy Lafarge India
Dublin-based CRH, the world’s third largest building materials company, has jumped into the fray to bid for Lafarge India’s cement business with annual capacity of 11 million tonnes (mt). Last year the Irish...