The Competition Commission of India (CCI) has approved UltraTech’s acquisition of the cement business of Kesoram Industries and also the purchase of a certain stake of Shriram Investment Holdings Private Ltd by Shriram...
ULTRATECH adds more to its Cement Portfolio by way of Demerger from Kesoram
The Board of Directors of Ultratech Cements Limited & Kesoram Industries Limited at their respective board meeting have approved a composite scheme of arrangement (scheme) which envisages the demerger of the cement...
UltraTech to buy Kesoram’s cement unit
Aditya Birla Group’s UltraTech will acquire the cement business of the BK Birla Group’s Kesoram Industries in an all-stock deal at an estimated enterprise value of around ₹7,600 crore, which includes debt...
UltraTech Cement acquires cement grinding assets of Burnpur Cement for Rs 169.79 cr
Aditya Birla group firm UltraTech Cement Ltd said it has acquired the cement grinding assets of Burnpur Cement Ltd in Jharkhand for Rs 169.79 crore. The company has acquired 0.54 mtpa cement grinding assets of Burnpur...
Ambuja, ACC sale: UltraTech likely to bid, secures legal view
Armed with a favourable legal opinion and regulatory precedence under the Competition Act, Aditya Birla Group is likely to bid for Holcim’s India assets – Ambuja Cements and ACC Ltd, said people in the know...
Bidding for Emami Cement to commence mid-Jan, Ultratech ahead in race
Bidding for the acquisition of Emami Cement is likely to commence by mid-January with the Aditya Birla Group’s UltraTech Cement leading the race at an offer price of Rs 6,500-7,000 crore in an all-cash deal, sources...
UltraTech leads the race to buy Emami Group’s cement business
UltraTech Cement Ltd, India’s largest producer of the building material, has emerged as the front-runner to buy the cement business of Emami Group in an all-cash deal worth ₹6,500-7,000 crore, according to three people...
UltraTech to sell its stake in Bangladesh-based units to HeidelbergCement
UltraTech Cement Ltd on Tuesday said it will sell its entire stake in Bangladesh– based Emirates Cement Bangladesh Ltd (ECBL) and Emirates Power Company Ltd (EPCL) to Germany’s HeidelbergCement for an...
Ultratech to complete Century Cement merger by September: Kumar Mangalam Birla
Ultratech Cement chairman Kumar Mangalam Birla on Thursday said the company will complete merger of Century Cement during the course of the second quarter of the current fiscal, which will take its capacity to 117.35...
Binani Cement in UltraTech Cement’s Shelf
Binani Cement Limited (BCL) is the flagship subsidiary of Binani Industries Limited (BIL), representing the Braj Binani Group. BCL has a capacity of 8.55 MTPA which includes an integrated cement unit with capacity of 4...
Binani Cement goes to UltraTech: What now for Dalmia Bharat?
The tug of war between UltraTech Cement Ltd and Dalmia Bharat Ltd over the acquisition of Binani Cement Ltd has finally ended. Effective 20 November, Binani Cement is a wholly-owned subsidiary of UltraTech Cement...
Ultratech Cement makes Binani its subsidiary
A day after the apex court cleared its bid for Binani CementNSE 0.00 %, Ultratech CementNSE -0.01 % announced that the Braj Binani group flagship company has become a subsidiary of Ultratech. The board of Binani Cement...