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...
L&T exits UltraTech
Larsen and Toubro (L&T) has offloaded its entire 11.49 per cent stake in UltraTech Cement for about Rs 1,037 crore and the fund will be used for the capital expenditure and investment in new initiatives. L&T has...
&T makes Rs 1,037 cr by exiting UltraTech
Engineering and construction major Larsen and Toubro has made a little over Rs 1,000 crore profit through sale of its residual stake in UltraTech Cement. L&T on Thursday sold 14.3 million UltraTech shares...
Finally, L&T calls it quits with UltraTech
Larsen & Toubro (L&T) is close to pulling out of Aditya Birla Group firm UltraTech Cement by selling its entire 11.5% stake, bringing the curtains down on a six-year-old acrimonious relationship. A person close...
AB Group may not buy L&T’s stake in UltraTech
Aditya Birla Group is unlikely to buy Larsen & Toubro’s (L&T) 11.5% stake in its subsidiary UltraTech Cement, as it does not want to launch the mandatory open offer, which, if successful, would scale up...
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...
How Ultratech gains amply from JP’s cement plants’ acquisitions.
Ultratech Cement’s acquisition of 22.4 MT cement assets of J P Associates is a prudent step in the direction of preparing the groundwork of securing readymade cement capacity and benefit amply once the cement...
Bombay High Court rejects UltraTech Cement’s plan to buy JP Associates’ plants in MP>
Fifteen months after India’s largest cement company by capacity UltraTech Cement had agreed to buy JP Associates’ two cement assets in Madhya Pradesh, the Bombay High Court has rejected the scheme of...
Jaypee sells cement biz to UltraTech for Rs 16,500 cr
In one of the biggest transactions in the cement industry, the debt-laden Jaypee group signed a binding agreement on Sunday to sell its cement business, with a capacity of 18.4 million tonnes per annum (mtpa), to the...
KKR, UltraTech & Dalmia in race to buy Jaypee’s cement business in Rs 18,000-crore Deal
US buyout firm KKR and India’s largest cement maker, Ultra-Tech, are in the race to acquire the cement division of Jaiprakash Associates, two people familiar with the matter said. Besides these two, Dalmia Bharat...
UltraTech Cement, backed by Indian billionaire Kumar Mangalam Birla, may buy a controlling stake in ARM Cement of Kenya, a Nairobi-based newspaper reported. ARM announced December 23 it’s in talks with an unidentified institutional investor about a $125 million investment. Chief Executive Officer Pradeep Paunrana declined to comment Tuesday when Bloomberg called him, citing regulatory compliance. Pragnya Ram, a spokeswoman for the Aditya Birla Group that controls UltraTech, didn’t immediately respond to an e-mail and a text message seeking comment.
UltraTech Cement, backed by Indian billionaire Kumar Mangalam Birla, may buy a controlling stake in ARM Cement of Kenya, a Nairobi-based newspaper reported. ARM announced December 23 it’s in talks with an...
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...