Magzter GOLDで無制限に
10,000以上の雑誌、新聞、プレミアム記事に無制限にアクセスできます。
試す 金 - 無料
UltraTech Cement to acquire majority stake in India Cements
The Business Guardian
|July 29, 2024
Ultra Tech Cement’s Board of Directors has approved the purchase of 32.72 per cent equity stake of the promoters and their associates in India Cements, the Aditya Birla Group-owned cement company informed stock exchanges on Sunday.
-
Ultra Tech had made a financial investment in India Cements to acquire 22.77 per cent equity at a price of Rs 268 per share in June 2024.
The latest transaction will increase UltraTech’s ownership in India Cements to 55.49 per cent making it a majority shareholder.
UltraTech today said that the promoter group of India Cements “approached us as they wanted to sell their holding in the company, and we found it appropriate to acquire their stake in the company.”
India Cements has a total capacity of 14.45 million tonne per annum of grey cement. Of this, 12.95 mtpa is in the South (particularly Tamil Nadu) and 1.5 mtpa is in Rajasthan.
“The transaction is subject to regulatory approvals,” UltraTech Cement said in the exchange filing after the Board meeting held on Sunday.
このストーリーは、The Business Guardian の July 29, 2024 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
The Business Guardian からのその他のストーリー
The Business Guardian
FROM VILLAGE RING TO 'GLOBAL HANDLER' FOR ELDER BROTHER: ANMOL BISHNOI
Anmol Bishnoi, Lawrence’s (terror- crime-extortion syndicate kingpin) younger brother and former state-level boxer, is accused of being the gang's overseas handler, coordinating logistics, extortion funds and shooters for multiple high-profile murders from abroad.
8 mins
November 20, 2025
The Business Guardian
CM Rekha convenes high-level meeting on redevelopment of Old Delhi
Delhi government plans holistic restoration of Old Delhi’s heritage and market areas.
2 mins
November 20, 2025
The Business Guardian
Jio Unlimited 5G users to get free Jio Gemini Pro, including Google's Gemini 3
Jio on Wednesday announced significant enhancements to its Jio Gemini offer with the rollout of Google Gemini 3. These enhancements are part of the Jio Gemini Pro Plan, available free for 18 months to all Jio Unlimited 5G customers.
1 mins
November 20, 2025
The Business Guardian
RBI LIKELY TO CUT REPO RATE BY 25 BPS IN DEC
The report highlighted that its expectation is driven mainly by continued downside surprises in headline Consumer Price Index (CPI) inflation.
1 mins
November 20, 2025
The Business Guardian
Rising ARPU continues to drive performance of India's Telcos
India's telecom operators delivered an inline performance in the September quarter of FY26, with rising average revenue per user (ARPU) continuing to act as the biggest driver of sectoral momentum, according to a review of Q2FY26 results by Centrum.
2 mins
November 20, 2025
The Business Guardian
Indian stocks open flat amid global tech selloff
Volatility gripped the Indian stock markets on Wednesday as both benchmark indices opened flat, reflecting cautious investor sentiment amid weak global cues.
3 mins
November 20, 2025
The Business Guardian
LESSONS FROM BIHAR
Prime Minister Narendra Modi speaking during his victory speech at the BJP headquarters made a very interesting comment.
2 mins
November 20, 2025
The Business Guardian
Cement sector set for 63% earnings surge in FY26
India's cement industry is poised for sharp earnings rebound in the Financial Year 2026 (FY26), with sector-wide profit expected to grow over 63 per cent yearon-year, driven largely by a favourable low base and continued cost-reduction efforts across companies, according to a sectoral update by Dolat Capital.
1 mins
November 20, 2025
The Business Guardian
India’s current account deficit expected to rise to 1.7% of GDP in FY26
India’s current account deficit (CAD) is expected to rise to 1.7 per cent of GDP in the current financial year FY26, higher than the bank’s earlier projection of 1.2 per cent, according to a report by Union Bank of India.
2 mins
November 20, 2025
The Business Guardian
BCI removes fake-degree lawyer
The Bar Council of India (BCI) has ordered the immediate removal of an advocate who secured enrolment using a fake law degree, while simultaneously exposing what it describes as an exceptional case of internal collusion involving touts, intermediaries and staff within the State Bar Council system.
2 mins
November 20, 2025
Listen
Translate
Change font size