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ULTRATECH KESORAM DEAL
Major deals in India's cement sector since Adani Group's entry in 2022UltraTech Cement will buy an 8.7% stake in Star Cement for $100 million. This is part of a trend with major deals in India's cement sector ...
CCI sends notice to UltraTech Cement for its proposed acquisition of Chennai-based India CementsIndia's Competition Commission is reviewing UltraTech Cement's acquisition of India Cements for potential competitive impacts. UltraTech, a...
UltraTech Cement shares in focus as co approves Rs 1,000 cr NCD allotment, NCLT clears Kesoram acquisitionShares of UltraTech Cement are expected to stay in focus after the company’s board approved raising up to Rs 1,000 crore through the allotm...
Major deals in India's cement sector since Adani Group's entry in 2022: A timelineAmbuja Cements will acquire a 47% stake in Orient Cement for $451 million, as India's cement sector sees significant deal-making activity. ...
TIMELINE-Major deals in India's cement sector since Adani Group's entry in 2022Dealmaking in India's cement sector has intensified. Adani Group is reportedly in talks to buy Heidelberg Materials’ local operations for a...
What should investors do with UltraTech stock? Ronald Siyoni answersUltraTech previous to this acquisition and Kesoram’s acquisition had a very low share in the southern region. So, both Kesoram and India Ce...
Orient Cement shares zoom over 5% amid UltraTech’s plans of acquisitionUltraTech, led by Kumar Mangalam Birla, is in advanced talks to acquire Orient Cement from CK Birla for Rs 350-375 per share to counter Ada...
Why cement biggies like to take inorganic route to growThis was followed by more prominent deals in recent times. In 2022, Adani Group acquired ACC and Ambuja Cements from Holcim. The acquisitio...
UltraTech to buy 23% stake in India Cements for Rs 1,885 croreUltraTech Cement approved acquiring a 23% stake in India Cements for Rs 1,885 crore at Rs 267 per share, describing it as a financial inves...
CCI approves Ultratech’s acquisition of Kesoram’s cement unitCCI approves UltraTech's acquisition of Kesoram's cement business and Shriram Ownership Trust's stake purchase in Shriram Investment Holdin...
Kesoram completes Rs 1900cr high-cost debt refinancing to yield 800 basis points interest benefitOn Thursday, the company announced the redemption of the entire outstanding outstanding NCD amounting to Rs 1487 crore before maturity. OCD...
Kesoram assets a good fit for UltraTech, to bring EPS gainsThis acquisition is a reflection of the relentless pursuit of UltraTech Cement to achieve 200 MT capacity from close to 132.5 MT at present...
Kesoram set to prepay around Rs 1,500-crore high-cost debt"The three funds - Goldman Sachs, Cerberus Capital Services and Edelweiss - are set to be paid ahead of maturity as UltraTech is rated AAA ...
UltraTech to buy Kesoram's cement unit"The transaction will provide UltraTech with the opportunity to extend its footprint in the highly fragmented, competitive and fast-growing...
UltraTech Cement to buy Kesoram's cement business in $645 mln dealKESORAM INDS-ULTRATECH CEMENT/ (UPDATE 1)UPDATE 1-India's UltraTech Cement to buy Kesoram's cement business in $645 mln deal
Kesoram shares jump over 7% as co divests stake worth Rs 429crThe stock jumped 7.33 % to Rs 109 on BSE. On NSE, shares of the company soared 7.13 % to Rs 108.90.
Century Textiles to spin off cement business, merge it with KM Birla-led UltraTech in all-share dealThis would help UltraTech achieve 100 mn tonne output much before its target of 2020 and let it take on the combined might of Lafarge & Hol...