Acquisition

Adani group firm Ambuja Cement bags 24 limestone mines in FY24 – ET Infra

Adani group firm Ambuja Cements, which is aggressively pushing for expansion, has won 24 bids for new limestone mines estimated to have a total resource of 587 million tonnes of limestone, according to the company’s annual report. This is in addition to 1 billion tonnes of reserve of Sanghi Industries, a Saurashtra-based company which billionaire […]

Adani group firm Ambuja Cement bags 24 limestone mines in FY24 – ET Infra Read More »

Jindal Stainless acquires remaining 46 pc stake in Chromeni Steels for Rs 278 cr – ET Infra

Promoters held 61.2 per cent stake in the company as of 31-Mar-2024, while FIIs owned 11.93 per cent, DIIs 14.72 per cent. Jindal Stainless on Monday said it has acquired the remaining 46 per cent stake in Chromeni Steels Private Ltd (CSPL) for Rs 278 crore. Consequently, CSPL has become a wholly-owned subsidiary of the

Jindal Stainless acquires remaining 46 pc stake in Chromeni Steels for Rs 278 cr – ET Infra Read More »

Ambuja Cements may repay Penna’s debt – ET Infra

MUMBAI: Private credit funds including Edelweiss Alternative Asset expect Ambuja Cements to repay ahead of schedule Penna Cement’s debt that is costing more than 15% per annum. Adani Group-controlled Ambuja Cements last week announced the acquisition of Penna Cement for ₹10,442 crore, including debt. The group will repay Penna’s existing high-cost debt, including those from

Ambuja Cements may repay Penna’s debt – ET Infra Read More »

Nippon Steel’s Mori returns to US this week for talks on US Steel takeover – ET Infra

TOKYO: Nippon Steel’s vice chairman plans to return to the United States this week for more talks over the proposed acquisition of U.S. Steel and would study selling some assets if necessary for the deal to go through. Vice Chairman Takahiro Mori’s visit so soon after a May 20-26 trip highlights the efforts Nippon Steel

Nippon Steel’s Mori returns to US this week for talks on US Steel takeover – ET Infra Read More »

UltraTech Cement offers to acquire 31.6 per cent in UAE-based RAKWCT – ET Infra

NEW DELHI: Aditya Birla group firm UltraTech Cement on Monday said it has made an offer to acquire a 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This would be done by UltraTech Cement Middle East Investments Ltd (UCMEIL), a wholly-owned subsidiary of the Indian cement

UltraTech Cement offers to acquire 31.6 per cent in UAE-based RAKWCT – ET Infra Read More »

Adani Group looks to rope in more lenders to refinance $3.8 billion – ET Infra

The Adani Group is in discussions to rope in at least five new international banks as it looks to refinance $3.8 billion of loans of varying tenors taken for the acquisition of ACC Limited and Ambuja Cement last year, said people aware of the ongoing discussions. According to these people, the majority of Adani‘s existing

Adani Group looks to rope in more lenders to refinance $3.8 billion – ET Infra Read More »

JSW Steel to acquire National Steel and Agro for Rs 621 crore – ET Infra

NEW DELHI: JSW Steel will acquire flat-steel producer National Steel and Agro Industries (NSAIL) through the bankruptcy court for a cash consideration of Rs 621 crore through its wholly-owned subsidiary JSW Steel Coated Products, the company informed stock exchanges on Monday. The steelmaker had got the approval from the Mumbai bench of the National Company

JSW Steel to acquire National Steel and Agro for Rs 621 crore – ET Infra Read More »

Open chat
1
How May I Help You.
Scan the code
Vishwakarma Guru Construction
Hello Sir/Ma'am, Please Share Your Query.
Call Support: 8002220666
Email: Info@vishwakarmaguru.com


Thanks!!