The Adani Group has emerged as frontrunner in the race to acquire the promoter’s 46.64% stake in ITD Cementation India to bolster its in-house civil engineering capabilities, said people aware of the matter. At current...
Adani entity sells 2.76% in Ambuja Cement for Rs 4,251 crore
Billionaire Gautam Adani’s entity sold around 2.76% stake in Ambuja Cements on Friday through an open market transaction, raising Rs 4,251 crore. According to NSE bulk deal data, Holderind Investments, an Adani...
Adanis sell Rs 4,200 crore worth stake in Ambuja Cements, stock up 4%
Billionaire Gautam Adani-led conglomerate on Friday sold around 2.8% stake in Adani Group firm Ambuja Cements in a pre-market block deal valued at around Rs 4,200 crore. The cement stock, which is up about 22% so far in...
UltraTech Cement’s open offer for ICL to open on September 19
UltraTech Cement’s Rs 3,142 crore open offer for acquiring 26 per cent stake in India Cements Ltd (ICL) will tentatively open on September 19 and close on October 3. The Aditya Birla group flagship company has...
JSW joins the race to buy CK Birla’s flagship Orient Cement
Sajjan Jindal-led JSW Cement has begun evaluating acquisition of the promoter stake in Orient Cement Ltd (OCL) from CK Birla, said people aware of the development, amid a consolidation wave in the sector that’s seen the...
India Cements buy to bolster UltraTech’s hold over South
UltraTech Cement’s acquisition of a controlling stake in Chennai-headquartered India Cements will not only help in staying ahead in the highly competitive sector but also delay efforts of the Adani Group to catch...
Ultratech to buy 33% stake in India Cements
The Board of Directors of Birla group-owned UltraTech Cements approved the purchase of 32.72% equity stake of the promoters & their associates in India Cements Limited at a board meeting held today. ET first broke...
Kumar Birla re-enters race to buy Orient Cement to consolidate Ultratech’s Southern push
Kumar Mangalam Birla flagship UltraTech is in advanced negotiations with the promoter of Orient Cement Ltd (OCL), his uncle CK Birla, after restarting talks in recent weeks, amid intensifying consolidation efforts in...
UltraTech buys 23% stake in India Cements
UltraTech Cement has acquired a 23% stake in India Cements for around Rs 1,900 crore, preventing potential future bids for the leading peninsular manufacturer, as the race intensifies to control capacities in a highly...
Ambuja Cements board approves merger of Adani Cementation with company
Adani group-owned Ambuja Cements said its board has approved the merger of Adani Cementation, which is now a subsidiary of Adani Enterprises. After the approval of the Scheme of Amalgamation of Adani Cementation, after...
Board of UltraTech Cement approves acquisition of 23% stake in India Cements
At meeting held on 27 June 2024. The Board of UltraTech Cement at its meeting held on 27 June 2024 has approved making a financial investment to purchase upto 7.06 crores equity shares of India Cements at a price of...
UltraTech Cement revises offer, to acquire 25 pc of UAE-based RAKWCT
Almost a month after making an offer to acquire 31.6 per cent in UAE-based RAKWCT, Aditya Birla group firm UltraTech Cement on Tuesday said it has revised the deal to 25 per cent. UltraTech had on May 27 said it had...
