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...
Greenko likely to raise $300 million to refinance SunEdison India debt
Greenko Energy Holdings, which recently acquired SunEdison’s India assets, may refinance the entire debt of SunEdison India by tapping the overseas bond market, three people aware of the development said. “Talks...
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...
Birla Group’s yet another Restructuring favoring Whom?
Aditya Birla Group always tries to expand their business inorganically. From the acquisition of cement business from L&T to the consolidation of retail business in last year, Aditya Birla group relentlessly tries to...
July sees M&A deals worth $4 bn
Merger and acquisition deals worth $4 billion were announced in July, thanks to a significant surge in domestic and inbound deal activity, taking the year-to-date deal tally to $19.87 billion. According to assurance...
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...
Abu Dhabi Megabank Deal Poised to Shatter Mideast M&A Record
Abu Dhabi’s planned combination of two of its largest banks could set a record as the biggest merger and acquisition deal in the Middle East — if it concludes. National Bank of Abu Dhabi PJSC and First Gulf Bank...
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...
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...
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...