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...
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...
Castex Technologies Allots Shares
Even as the bond holders of Castex Technologies, formerly Amtek India, alleged manipulation, the company on Thursday converted around $80 million (Rs.530 crore) of bonds into equity. The Amtek group company...
Ultratech Cements In It’s No.1 Position
UltraTech Cement, India’s largest cement maker and part of the Aditya Birla Group, on December 24, 2014, said its board has approved to acquire two cement plants of Jaiprakash Associates in Madhya Pradesh for...