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Adani Group to acquire CK Birla group firm Orient Cement at ₹8,100 crore valuation

Gautam Adani-led Adani Group on Tuesday said it will acquire CK Birla group firm Orient Cement at a…

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Ambuja Cements Q1FY25 profit at Rs 789.63 crore; revenue at Rs 8,311.48 crore

The consolidated results of Ambuja Cements include the financial performance of its step-down firm …

PTI   


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India Cement employees to lose jobs after UltraTech acquisition? Chairman Srinivasan answers

India Cements chairman N Srinivasan assured employees that there is no reason for employees to be c…

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Adani family infuses ₹6,661 crore in Ambuja Cements, increases stake to 66.7%

The Adani family, the promoter of Ambuja Cements, on Thursday announced an infusion of Rs 6,661 cro…

PTI   


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Adani Cement refinances $3.5 billion loan taken for ACC and Ambuja Cement acquisition

Adani Cement on Friday said it has refinanced USD 3.5 billion loan it had taken for the acquisition…

PTI   


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Adani Group’s Ambuja Cements acquires Sanghi Industries at an enterprise value of ₹5,000 crore

After a long pause due to the Hindenburg effect, the Adani Group is back on its expansion path via …

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5 mins read

Cementing dominance: Birla vs Adani, of Chaebols, conglomerates, and National Champions

Ultratech and Adani aggressively acquire smaller cement companies. Does this consolidation resemble…

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1 min read

Sanghi Industries, Ambuja Cement stock jumps after acquisition news

Shares of Sanghi Industries on Thursday jumped 5 per cent after Ambuja Cement announced the acquisi…

PTI   


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ACC falls 1.4% after acquiring Asian Concretes & Cements for ₹775 crore

Adani group controlled ACC acquired the remaining 55% stake in Asian Concretes and Cements (ACCPL) …

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Ambuja Cements to invest Rs 6,000 cr in renewable power projects by FY26

Ambuja Cements Ltd, owned by Adani Group, on Monday said it will invest Rs 6,000 crore in 1,000 MW …

PTI   


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Smaller cement players likely to sell out as big boys out to buy market share

The cement industry is headed for a lot of action in the coming years because the big boys of the s…

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1 min read

Meet Vinod Adani, the elder brother of Gautam Adani and keyman in ACC-Ambuja acquisition

There is a second Adani in the list of the top ten richest Indians – Vinod Shantilal Adani, the eld…

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Record levels of cash, asset availability drove M&As in 2022

Record levels of cash, asset availability drove M&As in 2022

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Adani Group completes acquisition of Sanghi Industries, revises offer price to Rs 121.90/share

Billionaire Gautam Adani-owned Ambuja Cements Ltd on Tuesday announced the completion of the acquis…

PTI   


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Adani Group repays loans worth $2.65 bn to complete prepayment programme

Adani Group has repaid loans worth USD 2.65 billion to complete a prepayment programme and improve …

PTI   


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3 mins read

Volumes up, values down: April 2024 marks notable shifts in India's deal-making landscape

Overall deal volumes jumped by 21% to 191 while the values declined by 37% to USD 9.4 billion in Ap…

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Adani Group-owned Ambuja Cements, ACC clarify their shares not pledged by promoters

"The Promoters have only provided non-disposal undertaking and accordingly, there is no requirement…

ANI   


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7 mins read

The Adani effect: Ambuja Cements rallies 40% in one month – analysts suggest good days ahead for the cement industry

Gautam Adani’s acquisition of Ambuja Cements and ACC from Holcim has sent the stocks of both the co…

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Dalmia Bharat to acquire cement, power plants of Jaiprakash Associates for ₹5,666 crore enterprise value

Dalmia Bharat’s subsidiary Dalmia Cement on Monday said it plans to acquire the cement, clinker and…

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5 mins read

Adani Group cement buyout is actually a bet on its infrastructure business

The Adani Group has many business interests but most of all they’re builders - with presence in sec…