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Private equity, strategic investors vie for LafargeHolcim India cement units

2016-04-04 livemint
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

Shree Cement readies Rs 6,000 cr for expansion

2016-03-27 business-standard
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.

Kesoram Industries divests stake worth Rs429 crore

2016-03-22 livemint
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.

How Birla Corp. sealed cement deal with R-Infra

2016-03-09 livemint
Focussed on Lafarge, Lodha saw R-Infra as a distraction. But in evaluation of its assets, there was a surprise

Aion Capital joins race for LafargeHolcim’s cement assets

2016-03-09 livemint
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

Foreign players, private equity funds, local firms to vie for Lafarge India assets

2016-03-09 financialexpress
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…

UltraTech set to be among top 5 cement producers in the world

2016-02-28 thehindubusinessline
The big question is whether CCI will clear the ₹16,500-cr deal

Capacity jostling in cement industry

2016-02-21 business-standard
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 deal with UltraTech hits hurdle

2016-02-18 livemint
Jaypee’s two cement assets will be folded into a larger deal under which it seeks to divest entire cement capacity

Reliance Infra in talks to sell road assets portfolio

2016-02-10 livemint
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

CCI approves LafargeHolcim revised divestment plan

2016-02-09 livemint
The divestment will include three cement plants and two grinding stations with a total capacity of around 11 million tonnes per annum

LafargeHolcim gets CCI nod for India divestment plan

2016-02-09 business-standard
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

LafargeHolcim gets CCI go-ahead for India divestment plan

2016-02-09 thehindubusinessline
Swiss multinational cement giant LafargeHolcim has got fair trade regulator CCI’s go-a

LafargeHolcim gets CCI go-ahead for India divestment plan

2016-02-09 financialexpress
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.

LafargeHolcim sees Rs10,000 crore valuation for its cement portfolio

2016-02-08 livemint
Among those interested in the assets are JSW Cement, Irish building materials maker CRH Plc and Blackstone Group

Birla Corp to raise loans for Reliance Cement

2016-02-06 business-standard
The company has enough cash and investments and debt-taking capacity to fund its acquisitions, chairman Harsh Lodha said on Friday

Meet Harsh Lodha, chief of Birla Corp, whose DNA combines of a professional & an entrepreneur

2016-02-06 timesofindia.indiatimes
Harsh lets his board and management work fully independently, but during strategic calls, he effortlessly leads from the front.

Weekly Review: Sensex falls 253 points on dismal corporate earnings, rupee appreciates

2016-02-06 financialexpress
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).

Sensex jumps 279 pts, still logs 4th weekly fall in five

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.

ADAG stocks on fire post RInfra’s cement deal

2016-02-05 thehindubusinessline
Dealers said short covering and positive news were major triggers

Anil Ambani firms stocks surge; add Rs. 2,500 cr in Mcap

2016-02-05 indiainfoline
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.

Reliance Infrastructure zooms 6.7%; sells cement business to Birla Corp

2016-02-05 indiainfoline
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.

RInfra sells cement business to Birla Corp and other Top Corporate News

2016-02-05 indiainfoline
Check out the most important news stories, which captured the headlines at the corporate level in India and internationally.

Birla Corp set to buy Reliance Infrastructure’s cement assets

2016-01-31 livemint
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 records Rs 6.57 cr PAT in third quarter

2016-01-31 business-standard
Birla Corporation Limited has recorded a profit after tax of Rs 6.57 cr in the third quarter of the current fiscal