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Advisers to the sale see seven-to-eight bids for the 11 mt cement capacity at LafargeHolcim as the deadline for submission of the non-binding bids nears
When most cement players have stuck to the acquisition route for expansion, Shree Cement, the fourth largest in the sector, is looking to ramp up capacity by another 10 million tonnes (mt) in the coming three years. Shree Cement has lined up a capital expenditure of Rs 6,000 crore to construct three new clinker plants. Clinkers are lumps usually formed during the manufacture of cements, and are usually ground to a fine dust to be used as a binder.
Mumbai: As a part of its efforts to enhance cash inflow, B.K. Birla Group firm Kesoram Industries on Tuesday sold stakes worth Rs.428.53 crore in several listed companies, including Aditya Birla Nuvo and Grasim Industries, through open market transactions.
Focussed on Lafarge, Lodha saw R-Infra as a distraction. But in evaluation of its assets, there was a surprise
In February, LafargeHolcim announced its plans to sell its entire cement portfolio held under Lafarge India in its bid to comply with anti-trust regulations
A host of foreign cement companies, private equity funds and domestic players are in the race to acquire Lafarge’s cement assets in India and have submitted expressions of interest (EoI) for the fo…
The big question is whether CCI will clear the ₹16,500-cr deal
UltraTech, Dalmia Bharat, CRH and JSW in fray for 42 mt of consolidation opportunity in sector, with PE entities also seeing an unusually profitable opportunity
Jaypee’s two cement assets will be folded into a larger deal under which it seeks to divest entire cement capacity
The group has been selling its assets across companies in an attempt to cut debt even as it expands its focus on the manufacture of defence equipment
The divestment will include three cement plants and two grinding stations with a total capacity of around 11 million tonnes per annum
The proposed divestment is key to get the approval of the CCI for the multi-billion dollar merger between Lafarge and Holcim announced last year
Swiss multinational cement giant LafargeHolcim has got fair trade regulator CCI’s go-a
Swiss multinational cement giant LafargeHolcim has got fair trade regulator CCI's go-ahead for a new divestment plant for its India business including three cement plants and two grinding stations.
Among those interested in the assets are JSW Cement, Irish building materials maker CRH Plc and Blackstone Group
The company has enough cash and investments and debt-taking capacity to fund its acquisitions, chairman Harsh Lodha said on Friday
Harsh lets his board and management work fully independently, but during strategic calls, he effortlessly leads from the front.
In the 50-share index, NTPC slid the most — 12.11 per cent during the week under review, followed by Maruti Suzuki (down 8.90 per cent), ICICI Bank (down 8.41 per cent) and Bosch (7.93 per cent).
Mumbai : Market benchmark, the Sensex jumped by 279 points on Friday, in line with advances in global equities, but logged a fourth weekly loss in five as investor sentiment remained guided by fluctuations in crude oil prices and economic uncertainties.
Dealers said short covering and positive news were major triggers
Reliance Infrastructure sold its cement division to Birla Corporation for Rs. 4,800 crore. Also, Reliance Power announced that the promoters released the pledge on 4.83 crore shares on February 1, 2016.
RInfra announced the signing of Share Purchase Agreement with Birla Corporation, the flagship Company of the M P Birla Group in relation to 100% sale of its subsidiary Reliance Cement Company Private.
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Birla Corp’s unexpected bid for Reliance Cement came barely three months after Birla agreed to buy Lafarge’s 5.15 mtpa capacity for Rs5,000 crore in August
Birla Corporation Limited has recorded a profit after tax of Rs 6.57 cr in the third quarter of the current fiscal