Grasim divests Shree Digvijay Cement stake for Rs 322 cr Grasim Industries Ltd, an Aditya Birla flagship company, has divested its entire equity holding of 53.63 per cent in Shree Digvijay Cement Company Ltd (SDCC) to...
Newbridge may acquire Sigma Electric for $150m
Newbridge may acquire Sigma Electric for $150m US-BASED private equity player Newbridge is in talks to acquire Sigma Electric Manufacturing Corporation. The deal size is estimated around about $150 million and talks...
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...
Reliance’s Power-Packed Diversification with JP Deal
Anil Ambani-controlled Reliance Power plans to acquire the entire hydroelectricity portfolio of the Jaiprakash Group and has signed an initial agreement for India’s biggest deal in the infrastructure sector other...
8 new bidders for R-Infra cement biz
After Aditya Birla Group’s UltraTech Cement, eight more bidders have joined the race to buy Reliance Infrastructure (RInfra)’s cement business. These are Carlyle, Blackstone, Baring, Cemex, JK Cement, Birla...
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...
REVERSAL OF TREND – BIRLA CORP TO BUY TWO UNITS OF LAFARGE
Birla Corp acquired Jojobera and Conadih cement plant from Lafarge for an enterprise value of INR 5000 crores which have a connection to the global merger of Lafarge from France and Holcim from Swiss had announced in...
M&A Happenings: July 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals July 2015 June 2015 Auto Components – 1 Agriculture 2 – Engineering – 3 Financial Services 2 2 Investments 5 3...
M&A Happenings: April 2015
Industry-wise breakup of the schemes filed is as follows: Industry No. of Deals April 2015 March 2015 Auto Components 1 0 Financial Services 2 1 Investments 3 4 Information Technology 3 1 Jewellery 1 0 Food Products 1 2...
Shree Cement Buys Out Jaypee Cement’s Panipat Unit
As north India has only 16% of the country’s limestone resources, cement companies try to consolidate by acquiring companies for their raw material needs. One example of such a consolidation is Shree Cements Ltd...
Aditya Birla Chemicals merges with Grasim Industries
In a consolidation move between group companies, Aditya Birla Chemicals Limited (ABCIL) merged with Grasim Industries Limited. The merged consolidated Aditya Birla Group’s chlor-alkali business into Grasim and...