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VADRAJ CEMENT BANKRUPTCY
NCLAT sets aside plea against Nuvoco Vistas bid for Vadraj CementThe NCLAT upheld the acquisition of Vadraj Cement by Nuvoco Vistas Corporation, dismissing an appeal by employees regarding gratuity payout...- Strategic buyers and investors scouting for insolvency-affected cement assetsStrategic buyers and investors are actively pursuing distressed cement companies undergoing insolvency, with Jaiprakash Associates Ltd's ce...
- Nuvoco Vistas gets NCLT nod to acquire Vadraj CementNirma group's Nuvoco Vistas Corp Ltd has received approval from the National Company Law Tribunal to acquire Vadraj Cement, formerly owned ...
- Bankruptcy court okays Vadraj Cement’s acquisition by Nuvoco Vistas CorpThe National Company Law Tribunal's Mumbai bench has approved Nuvoco Vistas Corp Ltd's acquisition of Gujarat-based Vadraj Cement for Rs 1,...
- Adani's ₹10,000 crore cement bet set to pay-off in battle with UltraTech, with gains across India, Sri LankaThe Penna Cements acquisition, announced on Thursday, will set the Adani Group back by ₹10,422 crore. The cement maker said that the transa...
- Adani Group’s concrete plan: $3 billion buyouts in cement spaceIt is keeping aside a war chest of $3 billion for these acquisitions, these people said. The group is aggressively pursuing an inorganic st...
- Adani Group's concrete plan: $3 bn buyouts in cement spaceDalmia Bharat's deal with Jaiprakash Associates, Adani's acquisition of Sanghi Cement, and potential acquisitions of Ambuja Cement or ACC a...
- NCLT admits Vadraj Cement for insolvency processVadraj Cement, previously known as ABG Cement, has been shifted from the Bombay High Court to the National Company Law Tribunal (NCLT) for ...
- India cementing another advantage over China amid divergent fortunes of two Asian giantsIndia eyes cementing gains over China in another arena as economic woes persist in the world's second largest economy, currently rocked by ...
- Adani Unit, ArcelorMittal, JSW in race to buy Vadraj CementThe Bombay High Court had, in August 2018, ordered the winding up of Vadraj Cement after a trade creditor, Beumer Technology India, dragged...
- Lenders likely to put bad loans worth Rs 8,000 crore on the blockLoans mainly from power, manufacturing sectors, UBI may put up the largest chunk.
- Lenders disqualify Liberty house's bid for Bhushan PowerLiberty House’s bid of Rs 18,500 crore is higher than Rs 17000 crore offered by Tatas. JSW Steel had offered Rs 13,000 crore.
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